Texas Food & Wine Alliance

Analysis

Texas Food & Wine Alliance is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 2013, 13 years ago. 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, Texas Food & Wine Alliance reported income of $388k and spending of $604k, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $630k to $388k (-38%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Food & Wine Alliance 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 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Mendelssohn Choir of Pittsburgh ($388k), Cold Spring Harbor Nursery School ($388k) and Abilene Library Consortium ($388k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $75k (12% of expenses). Other salaries and wages came to $67k. At year end it held assets of $49k against liabilities of $47k, net assets of $2,062. It reported 2 employees.