Winemakers Research Exchange Inc

Analysis

Winemakers Research Exchange Inc is a registered charity in United States, based in Ivy, VA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Winemakers Research Exchange Inc reported income of $740k and spending of $683k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $235k to $740k (+215%), an average of +78% a year. The sharpest change came in the year to December 2022, when income rose by 86%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Winemakers Research Exchange Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Vitrina Solidaria Inc ($739k), Apprentice Journeyworker Educ Fund of Heat & Frost Insulators Loc 12 ($740k) and Kauai Planning & Action Alliance Inc ($739k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $166k. At year end it held assets of $118k against liabilities of $48k, net assets of $70k. It reported 2 employees.