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California · Nonprofit

MAKING WAVES FOUNDATION INC AKA MAKING WAVES EDUCATION FOUNDATION

MAKING WAVES FOUNDATION INC AKA MAKING WAVES EDUCATION FOUNDATION (California) receives grants from 35 organizations whose IRS filings report $255,798,457 to it, the largest being Scully Memorial Foundation ($245,680,738). 23 of them have funded it in more than one year.

$19M
Revenue FY2025
35
Funders on record
$256M
Grants received
$221M
Net assets
23/35 repeat fundersgrants exceed reported revenue in one year

Against its field

MAKING WAVES FOUNDATION INC AKA MAKING WAVES EDUCATION FOUNDATION holds deeper cash reserves than three-quarters of the 3,681 education nonprofits its size.

Months of reserve6.3mo · top quartile
Revenue growth (annualized)−15% · bottom quartile

this organization peer median middle 50% of peers· 3,681 education nonprofits $10M–$100M, FY2025

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($73M) Expenses 100 ($15M) Net assets 100 ($106M)2018 Revenue 89 ($65M) Expenses 228 ($33M) Net assets 124 ($132M)2019 Revenue 147 ($107M) Expenses 215 ($31M) Net assets 195 ($207M)2020 Revenue 47 ($34M) Expenses 173 ($25M) Net assets 194 ($206M)2021 Revenue 17 ($12M) Expenses 132 ($19M) Net assets 190 ($202M)2022 Revenue 44 ($32M) Expenses 130 ($19M) Net assets 195 ($207M)2023 Revenue 37 ($27M) Expenses 144 ($21M) Net assets 202 ($214M)2024 Revenue 32 ($23M) Expenses 143 ($21M) Net assets 207 ($219M)2025 Revenue 26 ($19M) Expenses 132 ($19M) Net assets 208 ($221M)
'17'18'19'20'21'22'23'24'25
Revenue (26)Expenses (132)Net assets (208)Peer revenue range
02Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 10 funders to 17 funders, grant income fell $40M → $17M.

10 of 35 of your funders are donor-advised or pass-through sponsors (tagged DAF)2% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of MAKING WAVES FOUNDATION INC AKA MAKING WAVES EDUCATION FOUNDATION’s funders (the co-funder graph). Top 30 of 35 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

MAKING WAVES FOUNDATION INC AKA MAKING WAVES EDUCATION FOUNDATION leans on a few funders — its largest provides 96% of grant income and the top three 98%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

96%
largest funder
98%
top three
~1
effective funders

Largest funder’s share by year: 2017 98% · 2018 99% · 2019 99% · 2020 83% · 2021 92% · 2022 95% · 2023 92%diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

36% of MAKING WAVES FOUNDATION INC AKA MAKING WAVES EDUCATION FOUNDATION's funders are still giving 3 years after their first grant; 66% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

100% of MAKING WAVES FOUNDATION INC AKA MAKING WAVES EDUCATION FOUNDATION's grant income comes from California funders.

MT
IL
NY
NV
OH
NJ
CA
VA
DE

In-state vs out-of-state, by year

17
18
19
20
21
22
23
California out of state home

Funder states come from each funder’s own filing. $5.5M arriving through sponsors registered in 6 statesis excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 35 funders put you under-funded among the 400 organizations that share them.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like MAKING WAVES FOUNDATION INC AKA MAKING WAVES EDUCATION FOUNDATION

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In California

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Screen this organization

A dated, signed PDF of the compliance screen for MAKING WAVES FOUNDATION INC AKA MAKING WAVES EDUCATION FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds MAKING WAVES FOUNDATION INC AKA MAKING WAVES EDUCATION FOUNDATION?
MAKING WAVES FOUNDATION INC AKA MAKING WAVES EDUCATION FOUNDATION (California) receives grants from 35 organizations whose IRS filings report $255,798,457 to it, the largest being Scully Memorial Foundation ($245,680,738). 23 of them have funded it in more than one year.
How many funders does MAKING WAVES FOUNDATION INC AKA MAKING WAVES EDUCATION FOUNDATION have?
IRS filings report 35 organizations giving $255,798,457 in grants to MAKING WAVES FOUNDATION INC AKA MAKING WAVES EDUCATION FOUNDATION, 23 of which have funded it in more than one year.
Who is the largest funder of MAKING WAVES FOUNDATION INC AKA MAKING WAVES EDUCATION FOUNDATION?
Scully Memorial Foundation is the largest funder on record, with $245,680,738 in grants. The full list of funders is on this page.
How can an organization like MAKING WAVES FOUNDATION INC AKA MAKING WAVES EDUCATION FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 35funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported August 27, 2026. What this page cannot tell you · view filing