Wine and Food Foundation of Texas

Analysis

Wine and Food Foundation of Texas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 1997, 29 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, Wine and Food Foundation of Texas reported income of $577k and spending of $631k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $598k to $577k (-3.5%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wine and Food Foundation of Texas sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Friends of Big Bend National Park ($577k), TSC Alliance Endowment Fund Inc ($578k) and American Friends of Shanti House Inc ($576k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $122k (19% of expenses). Other salaries and wages came to $220k. At year end it held assets of $2.1m against liabilities of $24k, net assets of $2.1m. It reported 6 employees.