Wavehawaii Org
Wavehawaii Org reports zero revenue and assets in its latest filing, following a decade of minimal financial activity.
EIN: 204259364 · Kailua, HI · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $7K |
| Program Spending | 90% |
| Net Assets | $342 |
| Transparency Score | 65/100 |
Is Wavehawaii Org Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wavehawaii Org directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wavehawaii Org
Wavehawaii Org (EIN: 204259364) is a nonprofit organization based in Kailua, HI, classified under NTEE code X20. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wavehawaii Org's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wavehawaii Org is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 63.9%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $7K |
| Surplus / Deficit | $-97 |
| Total Assets | $342 |
| Net Assets | $342 |
| Operating Margin | -1.5% |
| Months of Reserves | 0.6 months |
Financial Health Grade: C
In 2020, Wavehawaii Org reported a deficit of $97 with expenses exceeding revenue, holds 0.6 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2011–2020), Wavehawaii Org's revenue has grown at a compound annual growth rate (CAGR) of 63.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -11.2% | -12.4% | -22.1% |
| 2019 | +49.5% | +12.4% | -32.1% |
| 2018 | +109.1% | +249.5% | -73.5% |
| 2017 | +35.7% | +4.3% | +21.0% |
| 2016 | -71.7% | -58.8% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| 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 Wavehawaii Org with a Mission Score of 65 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Wavehawaii Org allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $97, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based and receives no salary, which is commendable for an organization of this 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 Wavehawaii Org's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating potential inactivity.
- NTEE code X20 (Unknown) provides no clarity on programmatic mission.
- Consistent pattern of expenses exceeding revenue in multiple years (e.g., 2020, 2019, 2018, 2016, 2012, 2011).
Strengths
The following positive indicators were identified for Wavehawaii Org:
- Consistently reports 0% officer compensation, indicating volunteer leadership.
- Maintains zero liabilities across all reported periods, demonstrating financial prudence.
- Long filing history (10 filings) shows consistent, albeit minimal, reporting.
Frequently Asked Questions about Wavehawaii Org
Is Wavehawaii Org a legitimate charity?
Wavehawaii Org (EIN: 204259364) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Wavehawaii Org spend its money?
Wavehawaii Org directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Wavehawaii Org tax-deductible?
Wavehawaii Org is registered as a tax-exempt nonprofit (EIN: 204259364). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Wavehawaii Org compare to similar nonprofits?
With a transparency score of 65/100 (Good), Wavehawaii Org is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wavehawaii Org located?
Wavehawaii Org is headquartered in Kailua, Hawaii and files with the IRS under EIN 204259364. It is classified under NTEE code X20.
How many years of IRS 990 filings does Wavehawaii Org have?
Wavehawaii Org has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Wavehawaii Org currently active, given its latest filing shows $0 revenue and assets?
The latest IRS 990 filing for Wavehawaii Org indicates $0 in both revenue and assets, which strongly suggests the organization may be inactive or operating on an extremely limited, non-reportable basis. Further investigation beyond the 990 filings would be needed to confirm its current operational status.
What is the specific programmatic focus of Wavehawaii Org, given its NTEE code X20 (Unknown)?
The NTEE code X20 (Unknown) does not provide specific insight into Wavehawaii Org's programmatic focus. Without additional information from their website or other public disclosures, it's difficult to ascertain their exact mission and activities.
How does Wavehawaii Org sustain its operations with such minimal and often negative net income (e.g., $6,484 revenue vs. $6,581 expenses in 2020)?
With consistently low revenue and expenses, and often expenses exceeding revenue (e.g., $6,484 revenue vs. $6,581 expenses in 2020), Wavehawaii Org likely sustains operations through small, intermittent donations, volunteer efforts, and very low overhead. The absence of liabilities suggests they are not accumulating debt to cover shortfalls.
Filing History
IRS 990 filing history for Wavehawaii Org showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Wavehawaii Org's revenue has grown by 8431.6%, moving from $76 to $6K. Total assets decreased by 41% over the same period, from $580 to $342. Total functional expenses rose by 437.2%, from $1K to $7K. In its most recent filing year (2020), Wavehawaii Org reported a deficit of $97, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $6K | $7K | $342 | $0 | — | View 990 |
| 2019 | $7K | $8K | $439 | $0 | — | View 990 |
| 2018 | $5K | $7K | $647 | $0 | — | View 990 |
| 2017 | $2K | $2K | $2K | $0 | — | View 990 |
| 2016 | $2K | $2K | $2K | $0 | — | View 990 |
| 2015 | $6K | $4K | $2K | $0 | — | View 990 |
| 2014 | $5K | $5K | $515 | $0 | — | View 990 |
| 2013 | $3K | $3K | $125 | $0 | — | View 990 |
| 2012 | $2K | $3K | $12 | $0 | — | View 990 |
| 2011 | $76 | $1K | $580 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $6K, expenses of $7K, and assets of $342 (revenue -11.2% year-over-year).
- 2019: Revenue of $7K, expenses of $8K, and assets of $439 (revenue +49.5% year-over-year).
- 2018: Revenue of $5K, expenses of $7K, and assets of $647 (revenue +109.1% year-over-year).
- 2017: Revenue of $2K, expenses of $2K, and assets of $2K (revenue +35.7% year-over-year).
- 2016: Revenue of $2K, expenses of $2K, and assets of $2K (revenue -71.7% year-over-year).
- 2015: Revenue of $6K, expenses of $4K, and assets of $2K (revenue +13.5% year-over-year).
- 2014: Revenue of $5K, expenses of $5K, and assets of $515 (revenue +77.5% year-over-year).
- 2013: Revenue of $3K, expenses of $3K, and assets of $125 (revenue +31.4% year-over-year).
- 2012: Revenue of $2K, expenses of $3K, and assets of $12 (revenue +2919.7% year-over-year).
- 2011: Revenue of $76, expenses of $1K, and assets of $580.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wavehawaii Org:
Data Sources and Methodology
This transparency report for Wavehawaii Org 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.