The Cincinnati International Wine Festival Inc

Analysis

The Cincinnati International Wine Festival Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 1994, 32 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 June 2023, The Cincinnati International Wine Festival Inc reported income of $903k and spending of $932k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $234k to $903k (+287%), an average of +57% a year. The sharpest change came in the year to June 2022, when income rose by 155%. Over the whole period it spent 109% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Cincinnati International Wine Festival Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include J Babe Stearn Community Center ($903k), McFarland Hockey Inc ($904k) and Portland Parks Foundation ($902k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $141k (15% of expenses). Other salaries and wages came to $26k. At year end it held assets of $1.3m against liabilities of $113k, net assets of $1.2m. It reported 4 employees.