Vero Beach Wine and Film Festival Inc

Analysis

Vero Beach Wine and Film Festival Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, Vero Beach Wine and Film Festival Inc reported income of $166k and spending of $164k, spending 99% of its income. Across the 3 years on record, from December 2019 to December 2022, income fell from $237k to $166k (-30%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 245%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vero Beach Wine and Film Festival Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Athens Little Theatre ($166k), Gilpin County Historical Society ($166k) and Parlez Vous Francais Inc ($166k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 27% and program service revenue 60% of the total. At year end it held assets of $101k against liabilities of $149k, net assets of -$48k.