Spark The Wave
EIN: 582682680 · Washington, DC · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $99K |
| Total Expenses | $94K |
| Net Assets | $17K |
Is Spark The Wave Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Spark The Wave
Spark The Wave (EIN: 582682680) is a nonprofit organization based in Washington, DC, classified under NTEE code O50. The organization reported total revenue of $99K and total assets of $25K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spark The Wave's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spark The Wave is a micro nonprofit that has been operating for 7 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $91K |
| Total Expenses | $94K |
| Surplus / Deficit | $-3,875 |
| Total Assets | $17K |
| Net Assets | $17K |
| Operating Margin | -4.3% |
| Months of Reserves | 2.2 months |
Financial Health Grade: C
In 2023, Spark The Wave reported a deficit of $4K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Spark The Wave's revenue has declined at a compound annual growth rate (CAGR) of -5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.3% | +53.0% | -27.3% |
| 2022 | +50.7% | +334.0% | +53.8% |
| 2021 | +8.1% | -75.1% | — |
| 2020 | -68.1% | -62.7% | — |
| 2019 | -31.9% | -27.7% | -117.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Spark The Wave has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Spark The Wave with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
Frequently Asked Questions about Spark The Wave
Is Spark The Wave a legitimate charity?
Spark The Wave (EIN: 582682680) is a registered tax-exempt nonprofit based in Washington DC. It has 13 years of IRS 990 filings on record. Total revenue: $99K. No red flags identified. Financial health grade: C.
How does Spark The Wave spend its money?
Spark The Wave reported $99K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Spark The Wave tax-deductible?
Spark The Wave is registered as a tax-exempt nonprofit (EIN: 582682680). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Spark The Wave located?
Spark The Wave is headquartered in Washington, Washington DC and files with the IRS under EIN 582682680. It is classified under NTEE code O50.
How many years of IRS 990 filings does Spark The Wave have?
Spark The Wave has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $99K in total revenue.
Filing History
IRS 990 filing history for Spark The Wave showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Spark The Wave's revenue has declined by 51%, moving from $185K to $91K. Total assets decreased by 50.6% over the same period, from $35K to $17K. Total functional expenses fell by 41.6%, from $162K to $94K. In its most recent filing year (2023), Spark The Wave reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $91K | $94K | $17K | $0 | — | View 990 |
| 2022 | $70K | $62K | $24K | $0 | — | View 990 |
| 2021 | $46K | $14K | $15K | $0 | — | View 990 |
| 2020 | $43K | $57K | $-16,781 | $0 | — | View 990 |
| 2019 | $135K | $153K | $-2,667 | $0 | — | View 990 |
| 2018 | $198K | $212K | $16K | $0 | — | — |
| 2017 | $222K | $200K | $33K | $4K | — | View 990 |
| 2016 | $184K | $194K | $10K | $2K | — | — |
| 2015 | $212K | $183K | $20K | $2K | — | View 990 |
| 2014 | $256K | $270K | $31K | $41K | — | View 990 |
| 2013 | $177K | $207K | $6K | $2K | — | View 990 |
| 2012 | $134K | $134K | $34K | $665 | — | View 990 |
| 2011 | $185K | $162K | $35K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $91K, expenses of $94K, and assets of $17K (revenue +29.3% year-over-year).
- 2022: Revenue of $70K, expenses of $62K, and assets of $24K (revenue +50.7% year-over-year).
- 2021: Revenue of $46K, expenses of $14K, and assets of $15K (revenue +8.1% year-over-year).
- 2020: Revenue of $43K, expenses of $57K, and assets of $-16,781 (revenue -68.1% year-over-year).
- 2019: Revenue of $135K, expenses of $153K, and assets of $-2,667 (revenue -31.9% year-over-year).
- 2018: Revenue of $198K, expenses of $212K, and assets of $16K (revenue -10.8% year-over-year).
- 2017: Revenue of $222K, expenses of $200K, and assets of $33K (revenue +20.7% year-over-year).
- 2016: Revenue of $184K, expenses of $194K, and assets of $10K (revenue -13.1% year-over-year).
- 2015: Revenue of $212K, expenses of $183K, and assets of $20K (revenue -17.3% year-over-year).
- 2014: Revenue of $256K, expenses of $270K, and assets of $31K (revenue +44.4% year-over-year).
- 2013: Revenue of $177K, expenses of $207K, and assets of $6K (revenue +32.1% year-over-year).
- 2012: Revenue of $134K, expenses of $134K, and assets of $34K (revenue -27.4% year-over-year).
- 2011: Revenue of $185K, expenses of $162K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spark The Wave:
Data Sources and Methodology
This transparency report for Spark The Wave 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.