LA Jolla Art & Wine Festival Foundation

Analysis

LA Jolla Art & Wine Festival Foundation is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LA Jolla Art & Wine Festival Foundation reported income of $198k and spending of $194k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $113k to $198k (+75%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, LA Jolla Art & Wine Festival Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Montessori Childrens House of Bay City Inc ($198k), Piedmont Education Trust Inc ($198k) and Fremont Area Foundation Inc ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $210k against liabilities of $0, net assets of $210k.