Beaufort Wine and Food Weekend Inc

Analysis

Beaufort Wine and Food Weekend Inc is a registered charity in United States, based in Beaufort, NC. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Beaufort Wine and Food Weekend Inc reported income of $306k and spending of $316k, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $370k to $306k (-17%), an average of -3.8% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Beaufort Wine and Food Weekend Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Greater Columbus Community Helpinghands Inc ($306k), Reachministry Org ($306k) and Can Obiejemba Family Foundation Inc ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Other salaries and wages came to $55k. At year end it held assets of $58k against liabilities of $2,248, net assets of $56k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.