Charity Search / THE WAVE
Youth Development (O50) IRS Verified DX Registered 990 on File

THE WAVE

EIN: 83-2985273 · BIG LAKE, MN 55309-2901 · United States · FY 2023 Data
2 out of 5 26 / 100 Based on 2+ years of filings
Financial strength (30%) 28/100
Reliability (20%) 45/100
Effectiveness (25%) 33/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Financial Overview — FY 2023
$128K
Total Revenue
$162K
Total Expenses
$-19,078
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 22.2%
Fundraising Efficiency N/A
Operating Reserve -1.41x
Liability-to-Asset 287.7%
Revenue Diversification 100.7%
Compared with Peers
FY 2023
Compared with 5,287 similar organizations (United States, Youth Development, $100K–$1M in expenses), FY 2023.
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
22.2% 86.4%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
-1.4 mo 6.6 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
287.7% 1.2%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
100.7% 94.8%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
2.7% 9.8%
P10P90
Expense growth
Year over year expense growth
15.9% 14.7%
P10P90
Surplus margin
Surplus as a share of revenue
-26.9% 2.2%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $128K $162K $-19,078 22.2%
2022 $124K $140K $15K 70.8%
2021 $106K $96K N/A 1
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Organization Details
EIN
83-2985273
State
MN
City
BIG LAKE
ZIP
55309-2901
Classification
O50
Category
Youth Development
Rating
2★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
2019
Form 990
On File
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