Community Improvement
(S43)
IRS Verified
DX Registered
990 on File
TAMPA BAY WAVE INC
Financial strength (30%)
56/100
Reliability (20%)
76/100
Effectiveness (25%)
85/100
Impact (25%)
60/100
68
CharityAI™ Score
out of 100
Mission Statement
Tampa Bay Wave’s (“Wave”) mission is to help tech entrepreneurs transform innovative ideas into real-world solutions and scalable businesses, fueling important social and economic change in the Tampa Bay region, state of Florida and communities everywhere. As a 501(c)(3) nonprofit that takes no equity from the entrepreneurs we support, we are accelerating the region’s innovation-driven economy by supporting business growth, job creation, and capital attraction.
Financial Overview — FY 2025
$3.5M
Annual Budget
$4.7M
Total Revenue
$4.5M
Total Expenses
$730K
Net Assets
14
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
81.2%
Fundraising Efficiency
326.9%
Operating Reserve
1.94x
Liability-to-Asset
74.0%
Revenue Diversification
97.0%
Executive Compensation
$527K
Compared with Peers
FY 2026
Compared with 5 similar organizations
(United States, Community Improvement, $1M–$10M in expenses), FY 2026.
This organization's figures are from 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
|
81.2% | 90.1% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
1.9 mo | 24.8 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
74.0% | 3.2% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
97.0% | 98.3% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
83.0% | 2.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
80.0% | 5.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
3.2% | -2.3% |
P10P90
|
CharityAI™ Evaluation — 2026
68 / 10056
Financial
76
Reliability
85
Effectiveness
60
Impact
Financial Strength (30%)
56
Reliability & Transparency (20%)
76
Program Effectiveness (25%)
85
Impact & Outcomes (25%)
60
37,260 served annually
$2K per beneficiary
IRS Verified Form 990 on File 85% Data Complete
Impact
12 programs| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| — | 300 | $9,601.11 | — | Per Year |
| — | 7,100 | $405.68 | — | Lifetime |
| — | 7,100 | $405.68 | — | Lifetime |
| — | 100 | $3,984.24 | — | Per Year |
| — | 100 | $3,984.24 | — | Per Year |
| — | 7,100 | $406.81 | — | Lifetime |
| — | 630 | $4,584.66 | — | Lifetime |
| — | 200 | $40.00 | — | Per Year |
| — | 630 | $457.67 | — | Lifetime |
| — | 3,000 | $962.78 | — | Lifetime |
| — | 10,000 | $28.83 | — | Lifetime |
| — | 1,000 | $288.33 | — | Per Year |
Geographic Reach
Local 100%
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $4.7M | $4.5M | $730K | 81.2% | 14 |
| 2024 | $2.6M | $2.5M | $584K | 70.7% | 13 |
| 2023 | $1.9M | $2.1M | $543K | 67.0% | 16 |
| 2022 | $1.5M | $1.6M | $719K | 66.7% | 9 |
| 2021 | $1.6M | $1.5M | N/A | — | 8 |
Donor Reviews
Write a ReviewNo reviews yet
Be the first to share your experience with this organization.