Wave Hill Incorporated
Wave Hill Incorporated maintains substantial assets despite recurring operational deficits.
EIN: 136178903 · Bronx, NY · NTEE: C400 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.4M |
| Total Expenses | $8.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $70 |
| Net Assets | $72.6M |
| Transparency Score | 75/100 |
Is Wave Hill Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wave Hill Incorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wave Hill Incorporated
Wave Hill Incorporated (EIN: 136178903) is a nonprofit organization based in Bronx, NY, classified under NTEE code C400. The organization reported total revenue of $14.4M and total assets of $77.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wave Hill Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wave Hill Incorporated is a large nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.4M |
| Total Expenses | $8.7M |
| Surplus / Deficit | $-1,338,529 |
| Total Assets | $73.3M |
| Total Liabilities | $689K |
| Net Assets | $72.6M |
| Operating Margin | -18.1% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 100.7 months |
Financial Health Grade: B
In 2023, Wave Hill Incorporated reported a deficit of $1.3M with expenses exceeding revenue, holds 100.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wave Hill Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.9% | +18.7% | +20.1% |
| 2022 | -31.0% | +3.0% | -39.9% |
| 2021 | +17.5% | -5.4% | +46.9% |
| 2020 | -11.4% | +0.1% | +3.3% |
| 2019 | +38.9% | +3.7% | +11.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1965 |
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 Wave Hill Incorporated with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Wave Hill Incorporated allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is highly unusual for an organization with assets exceeding $70 million and annual expenses over $8 million. This suggests that either officers are truly unpaid, or their compensation is reported under different categories, requiring further scrutiny for a complete understanding of executive pay.
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 Wave Hill Incorporated's IRS 990 filings:
- Recurring operational deficits (e.g., $1,338,529 in 202306, $803,214 in 202206)
- Consistent 0% officer compensation reported, which may obscure actual leadership remuneration.
Strengths
The following positive indicators were identified for Wave Hill Incorporated:
- Substantial and growing asset base ($73,289,781 in 202306)
- Relatively low liabilities compared to assets (e.g., $689,156 liabilities vs. $73,289,781 assets in 202306)
- Long history of IRS 990 filings, indicating transparency in reporting.
Frequently Asked Questions about Wave Hill Incorporated
Is Wave Hill Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Wave Hill Incorporated (EIN: 136178903) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Wave Hill Incorporated spend its money?
Wave Hill Incorporated directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wave Hill Incorporated tax-deductible?
Wave Hill Incorporated is registered as a tax-exempt nonprofit (EIN: 136178903). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wave Hill Incorporated CEO make?
Wave Hill Incorporated's highest-compensated officer earns $70 annually. The organization reported $14.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wave Hill Incorporated's spending goes to programs?
Wave Hill Incorporated directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wave Hill Incorporated compare to similar nonprofits?
With a transparency score of 75/100 (Good), Wave Hill Incorporated is above average for NTEE category C400 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wave Hill Incorporated located?
Wave Hill Incorporated is headquartered in Bronx, New York and files with the IRS under EIN 136178903. It is classified under NTEE code C400.
How many years of IRS 990 filings does Wave Hill Incorporated have?
Wave Hill Incorporated 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 $14.4M in total revenue.
How does Wave Hill Incorporated cover its operational deficits, such as the $1,338,529 deficit in 202306?
The organization likely covers operational deficits through its substantial asset base, which stood at $73,289,781 in 202306, or through prior year surpluses and investment income not fully captured in the 'Revenue' line item for a given year.
Why is officer compensation consistently reported as 0% across all filings?
This could indicate that officers are volunteers, or that their compensation is reported under other expense categories (e.g., salaries and wages for non-officer roles) or through related organizations, which would require reviewing the full 990 forms for clarification.
What is the long-term strategy for managing recurring operational deficits?
While not explicitly stated in the provided data, a sustainable strategy would involve increasing revenue streams, optimizing expenses, or relying on endowment drawdowns in a planned manner to ensure the organization's financial health.
Filing History
IRS 990 filing history for Wave Hill Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wave Hill Incorporated's revenue has grown by 40.5%, moving from $5.3M to $7.4M. Total assets increased by 214.2% over the same period, from $23.3M to $73.3M. Total functional expenses rose by 68.3%, from $5.2M to $8.7M. In its most recent filing year (2023), Wave Hill Incorporated reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $689K in liabilities against $73.3M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $72.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.4M | $8.7M | $73.3M | $689K | — | — |
| 2022 | $6.6M | $7.4M | $61.0M | $545K | — | View 990 |
| 2021 | $9.5M | $7.1M | $101.5M | $642K | — | View 990 |
| 2020 | $8.1M | $7.5M | $69.1M | $1.5M | — | View 990 |
| 2019 | $9.1M | $7.5M | $66.9M | $605K | — | View 990 |
| 2018 | $6.6M | $7.3M | $59.9M | $572K | — | View 990 |
| 2017 | $8.6M | $7.2M | $56.8M | $642K | — | View 990 |
| 2016 | $5.6M | $6.8M | $57.4M | $656K | — | View 990 |
| 2015 | $6.9M | $6.9M | $62.9M | $652K | — | View 990 |
| 2014 | $9.5M | $6.3M | $28.4M | $395K | — | View 990 |
| 2013 | $5.1M | $5.6M | $23.3M | $516K | — | View 990 |
| 2012 | $4.3M | $5.4M | $22.0M | $398K | — | View 990 |
| 2011 | $5.3M | $5.2M | $23.3M | $268K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.4M, expenses of $8.7M, and assets of $73.3M (revenue +12.9% year-over-year).
- 2022: Revenue of $6.6M, expenses of $7.4M, and assets of $61.0M (revenue -31.0% year-over-year).
- 2021: Revenue of $9.5M, expenses of $7.1M, and assets of $101.5M (revenue +17.5% year-over-year).
- 2020: Revenue of $8.1M, expenses of $7.5M, and assets of $69.1M (revenue -11.4% year-over-year).
- 2019: Revenue of $9.1M, expenses of $7.5M, and assets of $66.9M (revenue +38.9% year-over-year).
- 2018: Revenue of $6.6M, expenses of $7.3M, and assets of $59.9M (revenue -23.3% year-over-year).
- 2017: Revenue of $8.6M, expenses of $7.2M, and assets of $56.8M (revenue +54.2% year-over-year).
- 2016: Revenue of $5.6M, expenses of $6.8M, and assets of $57.4M (revenue -19.4% year-over-year).
- 2015: Revenue of $6.9M, expenses of $6.9M, and assets of $62.9M (revenue -27.6% year-over-year).
- 2014: Revenue of $9.5M, expenses of $6.3M, and assets of $28.4M (revenue +87.8% year-over-year).
- 2013: Revenue of $5.1M, expenses of $5.6M, and assets of $23.3M (revenue +17.4% year-over-year).
- 2012: Revenue of $4.3M, expenses of $5.4M, and assets of $22.0M (revenue -18.0% year-over-year).
- 2011: Revenue of $5.3M, expenses of $5.2M, and assets of $23.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wave Hill Incorporated:
Data Sources and Methodology
This transparency report for Wave Hill Incorporated 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.