The Nantucket Wine & Food Festival Charitable Foundation Inc

Analysis

The Nantucket Wine & Food Festival Charitable Foundation Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Nantucket Wine & Food Festival Charitable Foundation Inc reported income of $64k and spending of $64k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $32k to $64k (+102%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Nantucket Wine & Food Festival Charitable Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 34th percentile within MA. Charities of a similar size with the same main cause include Oisf Foundation a NJ Nonprofit Corporation ($64k), Community RX Help ($64k) and Central Virginia Partnership Foundation ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $327, net assets of -$326.