South Walton Beaches Wine and Food Festival Inc

Analysis

South Walton Beaches Wine and Food Festival Inc is a registered charity in United States, based in Destin, FL. It received its IRS tax-exemption ruling in March 2014, 12 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 July 2023, South Walton Beaches Wine and Food Festival Inc reported income of $414k and spending of $483k, spending 117% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income grew from $94k to $414k (+338%), an average of +64% a year. The sharpest change came in the year to July 2022, when income rose by 4196%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, South Walton Beaches Wine and Food Festival Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Washington Community School District Foundation ($414k), Lexington County School District One Educational Foundation ($414k) and The Tewksbury Historical Society ($414k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $37k against liabilities of $358k, net assets of -$321k.