Lake Oconee Food & Wine Festival Inc

Analysis

Lake Oconee Food & Wine Festival Inc is a registered charity in United States, based in Greensboro, GA. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lake Oconee Food & Wine Festival Inc reported income of $286k and spending of $322k, spending 113% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $233k to $286k (+23%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 239%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Oconee Food & Wine Festival Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within GA. Charities of a similar size with the same main cause include Immanuel Lutheran Church Child Care Center ($286k), Rhode Island Abortion Fund ($286k) and Pathways Housing First Institute ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% of the total. At year end it held assets of $288k against liabilities of $4,815, net assets of $283k.