La Ola Ministries-the Wave is a 501(c)(3) organization based in Jackson, Tennessee, registered in 2014, with $492,806 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$493K
▼ 21.4% vs prior year
Human Services median: $293K
Expenses (FY2024)
$330K
Net assets
$1.4M
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 La Ola Ministries-the Wave— 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 La Ola Ministries-the Wave: 50 mo reserves · +33% 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 La Ola Ministries-the Wave— 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 La Ola Ministries-the Wave: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $96K (FY2013) to $493K (FY2024) across 11 reported years.
Financial snapshot
Operating margin
33.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.4M
Total liabilities
$2,225
Net assets
$1.4M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $492,806▼21.4% | $329,651▼5.9% | $1,363,105▲13.6% | $1,365,330▲13.8% | 990 |
| 2023 | $627,338▲11.6% | $350,293▼10.1% | $1,199,950▲30.0% | $1,199,950▲29.4% | 990 |
| 2022 | $562,313▼2.7% | $389,528▲49.7% | $922,905▲15.6% | $927,002▲16.1% | 990 |
| 2021 | $577,786▲47.7% | $260,204▼2.0% | $798,246▲75.4% | $798,246▲75.4% | 990 |
| 2020 | $391,192▼4.0% | $265,548▲18.3% | $455,061▲38.5% | $455,061▲38.5% | 990 |
| 2019 | $407,444▲83.3% | $224,536▲24.1% | $328,535▲126% | $328,535▲126% | 990 |
| 2018 | $222,323▲34.8% | $181,003▲33.4% | $145,627▲39.3% | $145,627▲39.3% | 990 |
| 2017 | $164,897▼11.7% | $135,683▲20.6% | $104,557▲33.9% | $104,557▲33.9% | 990EZ |
| 2016 | $186,827▲74.4% | $112,534▲1.5% | $78,097▲5231% | $78,097▲5231% | 990EZ |
| 2015 | $107,118▲11.8% | $110,858▲15.7% | $1,465▼61.7% | $1,465▼61.7% | 990EZ |
| 2013 | $95,781 | $95,804 | $3,824 | $3,824 | 990EZ |
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.
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Data for La Ola Ministries-the Wave (EIN 80-0178488) 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.