Charlotte Wine & Food Weekend Inc

Analysis

Charlotte Wine & Food Weekend Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 1996, 30 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, Charlotte Wine & Food Weekend Inc reported income of $1.1m and spending of $959k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $390k to $1.1m (+180%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Charlotte Wine & Food Weekend Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Cape Coral Community Foundation ($1.1m), Arabian World Partnership ($1.1m) and Sacramento Metro Chamber Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $135k (14% of expenses). Other salaries and wages came to $127k. At year end it held assets of $463k against liabilities of $14k, net assets of $449k. It reported 2 employees.