Society of Wine Educators Inc

Analysis

Society of Wine Educators Inc is a registered charity in United States, based in Luthvle Timon, MD. It received its IRS tax-exemption ruling in July 1979, 47 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Society of Wine Educators Inc reported income of $1.0m and spending of $875k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.0m (-28%), an average of -8.0% a year. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Society of Wine Educators Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Columbia Sailing School ($1.0m), Collegiate Women Sports Awards ($1.0m) and Double Play Sports Community Center ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $324k (37% of expenses). Other salaries and wages came to $190k. At year end it held assets of $672k against liabilities of $128k, net assets of $545k. It reported 6 employees.