National Food and Beverage Foundation

Analysis

National Food and Beverage Foundation is a registered charity in United States, based in Chalmette, LA. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, National Food and Beverage Foundation reported income of $604k and spending of $895k, spending 148% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $849k to $604k (-29%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 121% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Food and Beverage Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within LA. Charities of a similar size with the same main cause include Lithuanian Scouts Association ($604k), Playful People Productions ($604k) and Blythewood Historical Society ($604k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 29% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $76k (8.5% of expenses). Other salaries and wages came to $129k. At year end it held assets of $3.4m against liabilities of $3.2m, net assets of $202k. It reported 7 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.