Northwest Wine Benefit Foundation

Analysis

Northwest Wine Benefit Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 1993, 33 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 October 2023, Northwest Wine Benefit Foundation reported income of $3.0m and spending of $3.1m, spending 107% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $3.3m to $3.0m (-12%), an average of -3.0% a year. The sharpest change came in the year to October 2022, when income rose by 75%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Northwest Wine Benefit Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Outer Banks Community Foundation Inc ($2.9m), Lyford Cay Foundation Inc ($3.0m) and United Way of Northwest Michigan ($2.9m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $288k (9.2% of expenses). Other salaries and wages came to $305k. At year end it held assets of $2.3m against liabilities of $1.2m, net assets of $1.1m. It reported 7 employees.