Fort Worth Food & Wine Foundation

Analysis

Fort Worth Food & Wine Foundation is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 June 2023, Fort Worth Food & Wine Foundation reported income of $470k and spending of $204k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $26k to $470k (+1719%), an average of +106% a year. The sharpest change came in the year to June 2023, when income rose by 175%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fort Worth Food & Wine Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Mayo Street Arts ($470k), Family Promise of Northwestern Ohio ($470k) and Chesterfield Alternatives Inc ($470k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% of the total. Compensation of current officers, directors and key employees was $62k (31% of expenses). Other salaries and wages came to $43k. At year end it held assets of $426k against liabilities of $2,995, net assets of $423k. It reported 3 employees.