Waves Ahead Corp
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Only 41% of its spending went to programs.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
Waves Ahead is dedicated in supporting marginalized and vulnerable sectors of Puerto Rican society by providing aid in their needed areas to re-establish and strengthen them.
- Income
- $1.7 million
- Spending
- $1.5 million
- Spent on programs
- 41%
- Reserves
- -0.8 months of spending
- Largest source of income
- government grants, 68%
- Employees
- 0
- Volunteers
- 0
- Highest pay
- $79,170, ceo president
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 50 out of 100. Higher than 19% of charities in its peer group (human services, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
20 of 20It owes 10% of what it owns.
Living within its means
15 of 15Income exceeded spending by 14% of income.
Income trend
15 of 15Income rose 67% on the year before.
Spending floor
0 of 1541% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 74 out of 100. Higher than 25% of charities in its peer group (human services, $1m to $10m).
Independent board
25 of 257 of 7 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
0 of 5Reports that it does not keep minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
9 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $461,868 spent. EXPRESATE - We provide individual and group mental health services plus music therapy creative arts and mindfulness sessions yoga meditation and other anciliary services to supporthe individuals mental health. We also provide support groups and specialized services fore survivojrs of violencxe all focused on the LGBT+,older adults and women head of households.
- $134,766 spent. DESCUBRETE- a program that supports business and cooperative entrepreneurship of small business among the LGBT community older adults and women head of households. Empoderate a public policy program focused on advocating for LGBTTQ+ inclusive laws protocols and guidelines to improve the lives of the community in PR. In addition train community leaders and allies to increase individual and collective power to create change through tow academies per year. During 2023 one was held in San Juan and the internally bewtween volunteers and staff of the organization.
- $6,164 spent. Recontruye Q - This program works to provide assistance during times of emergency in the country and provide short term counseling and mental health supports to individual impacted by the phenomenon whith strengthening the resiliency of the individual and community. During 2023 every month individuals were provided with meals and food purchased plus the tools and seeds to mkake the home garden.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 2017.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.