Blue Wave Pride Club
Blue Wave Pride Club operates with volunteer leadership and no reported officer compensation, maintaining zero liabilities.
EIN: 205232855 · Darien, CT · NTEE: B112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $148K |
| Total Expenses | $83K |
| Program Spending | 85% |
| Net Assets | $32K |
| Transparency Score | 90/100 |
Is Blue Wave Pride Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Blue Wave Pride Club directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Blue Wave Pride Club
Blue Wave Pride Club (EIN: 205232855) is a nonprofit organization based in Darien, CT, classified under NTEE code B112. The organization reported total revenue of $148K and total assets of $21K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blue Wave Pride Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blue Wave Pride Club is a small nonprofit that has been operating for 19 years, with 2 years of IRS 990 filings on record (2023–2024). Revenue has grown at a compound annual rate of -56.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $89K |
| Total Expenses | $83K |
| Surplus / Deficit | +$5K |
| Total Assets | $32K |
| Net Assets | $32K |
| Operating Margin | 6.0% |
| Months of Reserves | 4.6 months |
Financial Health Grade: A
In 2024, Blue Wave Pride Club reported a surplus of $5K with revenue exceeding expenses, holds 4.6 months of operating reserves (adequate).
Financial Trends
Over 2 years of filings (2023–2024), Blue Wave Pride Club's revenue has declined at a compound annual growth rate (CAGR) of -56.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -56.1% | -59.8% | +17.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Blue Wave Pride Club with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Blue Wave Pride Club allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% in both available filings, indicating that the organization's leadership is either entirely volunteer or compensated through non-officer channels, which is highly favorable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Blue Wave Pride Club's IRS 990 filings:
- Significant year-over-year revenue decline from $202,242 to $88,716.
Strengths
The following positive indicators were identified for Blue Wave Pride Club:
- 0% officer compensation reported in both filings, indicating volunteer leadership.
- Zero reported liabilities in both periods, demonstrating strong financial solvency.
- Expenses decreased proportionally with revenue decline, suggesting adaptive financial management.
Frequently Asked Questions about Blue Wave Pride Club
Is Blue Wave Pride Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Blue Wave Pride Club (EIN: 205232855) some concerns. Mission Score: 90/100. 1 red flag identified, 3 strengths noted.
How does Blue Wave Pride Club spend its money?
Blue Wave Pride Club directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Blue Wave Pride Club tax-deductible?
Blue Wave Pride Club is registered as a tax-exempt nonprofit (EIN: 205232855). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Blue Wave Pride Club's spending goes to programs?
Blue Wave Pride Club directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Blue Wave Pride Club compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Blue Wave Pride Club is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Blue Wave Pride Club located?
Blue Wave Pride Club is headquartered in Darien, Connecticut and files with the IRS under EIN 205232855. It is classified under NTEE code B112.
How many years of IRS 990 filings does Blue Wave Pride Club have?
Blue Wave Pride Club has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $148K in total revenue.
Is Blue Wave Pride Club a good charity?
Based on the available IRS 990 data, Blue Wave Pride Club appears to be a good charity. It reports 0% officer compensation, indicating volunteer leadership, and has zero liabilities, demonstrating strong financial health and responsible management of funds.
How has Blue Wave Pride Club's revenue changed over time?
Blue Wave Pride Club's revenue decreased significantly from $202,242 in the 202306 period to $88,716 in the 202406 period, representing a substantial decline in funding.
What is Blue Wave Pride Club's financial solvency?
Blue Wave Pride Club demonstrates strong financial solvency, reporting $0 in liabilities for both the 202406 and 202306 periods, indicating it is not burdened by debt.
Filing History
IRS 990 filing history for Blue Wave Pride Club showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2023–2024), Blue Wave Pride Club's revenue has declined by 56.1%, moving from $202K to $89K. Total assets increased by 17.6% over the same period, from $27K to $32K. Total functional expenses fell by 59.8%, from $208K to $83K. In its most recent filing year (2024), Blue Wave Pride Club reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $89K | $83K | $32K | $0 | — | — |
| 2023 | $202K | $208K | $27K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blue Wave Pride Club:
Data Sources and Methodology
This transparency report for Blue Wave Pride Club is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.