Arts, Culture & Humanities
(A34)
990 on File
WAVE FARM INC
Financial strength (30%)
64/100
Reliability (20%)
55/100
Effectiveness (25%)
81/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2025
$894K
Total Revenue
$879K
Total Expenses
$852K
Net Assets
6
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
95.4%
Fundraising Efficiency
N/A
Operating Reserve
11.62x
Liability-to-Asset
45.5%
Revenue Diversification
87.2%
Compared with Peers
FY 2025
Compared with 7,068 similar organizations
(United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2025.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
95.4% | 81.9% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
3.1% | 13.7% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.6% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
11.6 mo | 9.4 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
45.5% | 1.5% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
87.2% | 77.2% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-4.8% | 6.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-2.6% | 5.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
1.6% | 2.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $894K | $879K | $852K | 95.4% | 6 |
| 2024 | $939K | $903K | $837K | 96.3% | 7 |
| 2023 | $1.1M | $885K | $800K | 97.1% | 6 |
| 2022 | $959K | $841K | $619K | 96.5% | 6 |
| 2021 | $1.6M | $726K | N/A | — | 4 |
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