Nonprofit screen
Screen a listWave Academy
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- Registered
- Charity type
- 509(a)(1)
$425krevenue
FY2025 · −48% in 3 yrs8staff
8 of 8years filed
’18’19’20’21’22’23’24’25
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2025
Operating margin−41.9%
Months of reserve4.4mo
Revenue growth (annualized)+3.0%
Middle half of peersMedianWave Academy
Where the money goes FY2025 · $603k spent
Programs$423k70%Management and general$61k10%Fundraising$120k20%990 FY2025 · Part IX line 25
Worth checking2
A funder worth 18% of revenue stopped after FY2022
Yontz Valor Foundation gave about $59k a year for six years, 18% of revenue in FY2022.
Funders’ 990-PF grant listsDeficits in 2 of the last 3 years
−$23k in FY2024 and −$178k in FY2025. Cash covers 4.4 months, under the peer median of 6.7.
990 Part I and balance sheetIn its favor3
Strong governance
6 of 6 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIFunders stay
3 of the 5 funders that gave before FY2021 are still giving.
Funders’ 990-PF grant listsA history of government grants
Government grants on 3 of its 7 returns, 3% of revenue in FY2025.
990 Part VIII19funders
$440ka year, last 3 years
21%from its largest funder
Funder’17’18’19’20’21’22’23Yontz Valor FoundationStopped after FY2022$15k$20k$20k$50k$100k$150k–Alumbra Innovations FoundationOn and off$20k$25k$125k$60kThe Conrad Prebys FoundationSince FY2022$150k$63kThe Cushman FoundationSince FY2021$5k$5k$9kMidway Foundation IncNew in FY2023$10kIndependent Insurance Agents and Brokers of San Diego IncOn and off$9kDonor-advised giftsDonors not disclosed$25k$15k$29k$215k$88k$290k7 other fundersUp to $5k a year each$250$2k$3k$15k$3k
FundedThrough a donor-advised fundStopped