Greenwave Organization Corp is a 501(c)(3) organization based in New Haven, Connecticut, registered in 2016, with $9,170,197 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$9.2M
▲ 19.6% vs prior year
Education median: $200K
Expenses (FY2024)
$6.6M
Net assets
$13.0M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Greenwave Organization Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Greenwave Organization Corp: 24 mo reserves · +28% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Greenwave Organization Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Greenwave Organization Corp: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $575K (FY2016) to $9.2M (FY2024) across 9 reported years.
Financial snapshot
Operating margin
28.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$14.1M
Total liabilities
$1.1M
Net assets
$13.0M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $9,170,197▲19.6% | $6,561,623▲21.3% | $13,006,304▲26.3% | $14,124,225▲30.8% | 990 |
| 2023 | $7,667,756▲9.6% | $5,411,634▲4.1% | $10,301,967▲28.3% | $10,798,565▲24.5% | 990 |
| 2022 | $6,996,296▲12.8% | $5,197,908▲88.1% | $8,031,543▲29.0% | $8,672,214▲36.2% | 990 |
| 2021 | $6,204,839▲80.9% | $2,763,614▲44.1% | $6,226,370▲124% | $6,369,033▲115% | 990 |
| 2020 | $3,430,392▲96.0% | $1,917,843▲73.5% | $2,785,145▲119% | $2,963,935▲107% | 990 |
| 2019 | $1,750,449▲147% | $1,105,266▲22.8% | $1,272,596▲103% | $1,434,609▲120% | 990 |
| 2018 | $708,114▼25.4% | $899,706▲123% | $627,413▼23.4% | $653,005▼21.0% | 990 |
| 2017 | $949,037▲64.9% | $403,293▼4.3% | $819,005▲200% | $826,780▲201% | 990 |
| 2016 | $575,468 | $421,532 | $273,261 | $274,813 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
65 grants to Greenwave Organization Corp totaling $8.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Silicon Valley Community Foundation | Food security | 2024 | $450,000 |
| Dalio Family Fund Inc | Restricted to social welfare project support and general operations | 2024 | $150,000 |
| American Endowment Foundation | Food, nutrition | 2024 | $11,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $841,655 |
| Boston Foundation Inc | Operating support/annual fund | 2023 | $505,000 |
| Silicon Valley Community Foundation | Food security | 2023 | $450,925 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $375,000 |
| Dalio Family Fund Inc | Restricted to social welfare project support and general operations | 2023 | $150,000 |
| Community Foundation For Southeast Michigan | Environment | 2023 | $75,000 |
| National Philanthropic Tr | Human services | 2023 | $50,000 |
| Marin Community Foundation | Provide general operating support | 2023 | $35,000 |
| Nature Conservancy | Conservation activities | 2023 | $26,993 |
| Donor Advised Charitable Giving | Education | 2023 | $15,250 |
| Foundation For the Carolinas | Charitable gift | 2023 | $15,000 |
| American Endowment Foundation | Food, nutrition | 2023 | $11,500 |
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Data for Greenwave Organization Corp (EIN 47-5438012) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.