Des Moines Wine Festival Foundation

Analysis

Des Moines Wine Festival Foundation is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Des Moines Wine Festival Foundation reported income of $452k and spending of $504k, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $428k to $452k (+5.6%), an average of +1.4% a year. The sharpest change came in the year to September 2020, when income dropped by 32%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Des Moines Wine Festival Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within IA. Charities of a similar size with the same main cause include Yellow Tree Theatre ($452k), Mareck Center for Dance ($452k) and Western North Carolina Air Museum Inc ($452k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 64% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $67k (13% of expenses). At year end it held assets of $214k against liabilities of $4,147, net assets of $209k.