Wine Education Council Inc

Analysis

Wine Education Council Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Wine Education Council Inc reported income of $2.7m and spending of $2.5m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.7m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2023, when income rose by 751%. Over the whole period it spent 133% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wine Education Council Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Issac Org Inc ($2.7m), Birches School Inc ($2.7m) and Mountain State Learning Solutions Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $48k (1.9% of expenses). At year end it held assets of $7.0m against liabilities of $4,722, net assets of $7.0m.