Destin Charity Wine Auction Foundation Inc

Analysis

Destin Charity Wine Auction Foundation Inc is a registered charity in United States, based in Miramar Beach, FL. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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 July 2023, Destin Charity Wine Auction Foundation Inc reported income of $3.8m and spending of $4.0m, spending 105% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $667k to $3.8m (+474%), an average of +79% a year. The sharpest change came in the year to July 2021, when income rose by 457%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Destin Charity Wine Auction Foundation Inc 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 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Lewis Clinic for Educational Therapy ($3.8m), Clearwater Academy International Inc ($3.8m) and Luminis Health Gilchrist Lifecare Institute LLC ($3.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.4% of the total. Compensation of current officers, directors and key employees was $147k (3.7% of expenses). Other salaries and wages came to $187k. At year end it held assets of $4.4m against liabilities of $3.4m, net assets of $1.1m. It reported 5 employees.