Charleston Wine & Food Festival

Analysis

Charleston Wine & Food Festival is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 June 2023, Charleston Wine & Food Festival reported income of $4.5m and spending of $6.0m, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $4.5m (+9.8%), an average of +2.4% a year. The sharpest change came in the year to June 2022, when income rose by 975%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Charleston Wine & Food Festival sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Young Adult Development in Action ($4.5m), Big Horn Enterprises Inc ($4.5m) and Francis E Parker Assisted Living Center Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $1.1m against liabilities of $561k, net assets of $579k. It reported 21 employees.