California · Nonprofit
WAVES OF COMPASSION FOUNDATION
WAVES OF COMPASSION FOUNDATION (California) receives grants from 7 organizations whose IRS filings report $85,485 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($34,750). 4 of them have funded it in more than one year, and 51% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $149k
- Funders on record
- 7
- Grants received
- $85k
- Net assets
- $201k
What Waves of Compassion Foundation does
Mission
To support people in need in our community
As stated on its FY2025 Form 990-EZ.
Programs
Our organization operates a food pantry service distributing free food to around 150 families bi-monthly. We procure the food in advance and distribute it at no cost to individuals in need facilitated by our dedicated team of volunteers. This vital service ensures that vulnerable community members have access to essential nutrition fostering food security and support for those facing economic challenges.
$63,486 spent70% of program spendingOur organization provides vital assistance to individuals facing financial hardship particularly fishermen by offering small grants for financial support and essential material resources. These grants are designed to help alleviate immediate needs and improve the quality of life for those experiencing economic challenges. Through this initiative we aim to make a tangible impact in the lives of individuals in need fostering resilience and stability within our community. In 2024 we provided support to approximately 25 persons or families.
$8,132 spentof which $3,103 as grants9% of program spendingOur Diaper Program provides essential support to families by distributing free diapers and wipes to those with infants and toddlers. This initiative alleviates financial strain for parents and ensures that young children have access to basic necessities for their health and well-being. We also supply coins for families who need help with laundromat expenses or paid showers. In 2025 we helped 36 families with this assistance.
$9,452 spent10% of program spendingOur other programs are Educational support 6068; and Donations and Support to local non-profit organizations and events in our local community 4148.
$10,216 spentof which $1,200 as grants11% of program spending
The 4 programs described on its FY2025 Form 990-EZ. Program spending in total: $91,286.
The organization over time
Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $151k to $201k (+33%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
96% of WAVES OF COMPASSION FOUNDATION’s revenue is contributions — more donation-reliant than the typical peer (94% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 6 reported years ran a deficit.
Who funds it, year by year
2020 → 2023: the base broadened from 2 funders to 4 funders, grant income rose $16k → $21k.
3 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 51% 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 WAVES OF COMPASSION FOUNDATION’s funders (the co-funder graph). 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
WAVES OF COMPASSION FOUNDATION leans on a few funders — its largest provides 41% of grant income and the top three 87%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
98% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund WAVES OF COMPASSION FOUNDATION.
Largest funder’s share by year: 2020 98% · 2021 100% · 2022 100% · 2023 47% — 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.
Where its funders are
51% of WAVES OF COMPASSION FOUNDATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $42k that is directly attributable, 95% of it comes from California funders.
Funder states come from each funder’s own filing. $43k arriving through sponsors registered in 3 states is 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.
Against its field
WAVES OF COMPASSION FOUNDATION runs a healthier operating margin than three-quarters of the 2,059 food & nutrition nonprofits its size.
this organization peer median middle 50% of peers· 2,059 food & nutrition nonprofits $100k–$1M, FY2025
Organizations like WAVES OF COMPASSION FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for WAVES OF COMPASSION 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.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds WAVES OF COMPASSION FOUNDATION?
- WAVES OF COMPASSION FOUNDATION (California) receives grants from 7 organizations whose IRS filings report $85,485 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($34,750). 4 of them have funded it in more than one year, and 51% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does WAVES OF COMPASSION FOUNDATION have?
- IRS filings report 7 organizations giving $85,485 in grants to WAVES OF COMPASSION FOUNDATION, 4 of which have funded it in more than one year.
- Who is the largest funder of WAVES OF COMPASSION FOUNDATION?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $34,750 in grants. The full list of funders is on this page.
- How can an organization like WAVES OF COMPASSION 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.
Play a game about who funds Waves of Compassion →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 7 funders 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 October 22, 2026. What this page cannot tell you · view filing