Florida Winefest and Auction Inc

Analysis

Florida Winefest and Auction Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in April 1994, 32 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 September 2023, Florida Winefest and Auction Inc reported income of $175k and spending of $240k, spending 137% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $286k to $175k (-39%), an average of -12% a year. The sharpest change came in the year to September 2023, when income rose by 52%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Florida Winefest and Auction Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Mothers Cupboard Community Kitchen Inc ($175k), Hartsville Interfaith Ministries ($175k) and Lifetime Community Living Inc ($175k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $386k against liabilities of $0, net assets of $386k.