Destin Charity Wine Auction Foundation Inc
Destin Charity Wine Auction Foundation Inc maintains stable finances with consistent revenue generation and no reported officer compensation.
EIN: 204475403 · Miramar Beach, FL · NTEE: Y12 · Updated: 2026-03-28
Is Destin Charity Wine Auction Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Destin Charity Wine Auction Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Destin Charity Wine Auction Foundation Inc
Destin Charity Wine Auction Foundation Inc (EIN: 204475403) is a nonprofit organization based in Miramar Beach, FL, classified under NTEE code Y12. The organization reported total revenue of $5.6M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Destin Charity Wine Auction Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Destin Charity Wine Auction Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $4.0M |
| Surplus / Deficit | $-176,882 |
| Total Assets | $4.4M |
| Total Liabilities | $3.4M |
| Net Assets | $1.1M |
| Operating Margin | -4.6% |
| Debt-to-Asset Ratio | 76.3% |
| Months of Reserves | 13.3 months |
Financial Health Grade: C
In 2023, Destin Charity Wine Auction Foundation Inc reported a deficit of $177K with expenses exceeding revenue, holds 13.3 months of operating reserves (strong position), has a debt-to-asset ratio of 76.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Destin Charity Wine Auction Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.9% | +4.6% | -3.5% |
| 2022 | +9.4% | +4.8% | +53.3% |
| 2021 | +456.8% | +722.0% | +187.5% |
| 2020 | -83.0% | -88.6% | -71.5% |
| 2019 | +26.2% | +24.8% | +29.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Destin Charity Wine Auction Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Destin Charity Wine Auction Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $177K, with expenses exceeding revenue.
- Debt-to-asset ratio: 76.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no direct compensation is paid to officers or that it is covered by other means, which is a strong positive for transparency and efficient use of funds.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Destin Charity Wine Auction Foundation Inc:
- Consistent 0% officer compensation reported across all filings, indicating strong financial stewardship.
- Stable revenue generation, with latest revenue at $3,827,801, demonstrating consistent fundraising success.
- Healthy growth in assets, reaching $4,427,064 in 202307 from $1,040,532 in 202007.
- Generally well-managed expenses relative to revenue, with expenses of $4,004,683 against revenues of $3,827,801 in the latest period, showing close alignment.
Frequently Asked Questions about Destin Charity Wine Auction Foundation Inc
Is Destin Charity Wine Auction Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Destin Charity Wine Auction Foundation Inc (EIN: 204475403) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Destin Charity Wine Auction Foundation Inc spend its money?
Destin Charity Wine Auction Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Destin Charity Wine Auction Foundation Inc tax-deductible?
Destin Charity Wine Auction Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204475403). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Destin Charity Wine Auction Foundation Inc a good charity?
Based on the provided data, Destin Charity Wine Auction Foundation Inc appears to be a good charity. It consistently reports 0% officer compensation, indicating efficient use of funds and strong transparency. Its revenues and expenses are generally well-managed, and assets have grown over time.
How has the organization's financial health changed over the past few years?
The organization has shown consistent financial activity. Revenue in 202307 was $3,827,801, slightly down from $4,066,580 in 202207, but significantly up from $667,364 in 202007, demonstrating resilience and growth post-pandemic. Assets have also steadily increased from $1,040,532 in 202007 to $4,427,064 in 202307.
What is the trend in the organization's liabilities?
Liabilities have generally increased in line with assets. In 202307, liabilities were $3,376,717, up from $751,517 in 202007. While substantial, they are typically less than assets, indicating a positive net asset position.
Filing History
IRS 990 filing history for Destin Charity Wine Auction Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Destin Charity Wine Auction Foundation Inc's revenue has grown by 201.2%, moving from $1.3M to $3.8M. Total assets increased by 1816.2% over the same period, from $231K to $4.4M. Total functional expenses rose by 207.1%, from $1.3M to $4.0M. In its most recent filing year (2023), Destin Charity Wine Auction Foundation Inc reported a deficit of $177K, with expenses exceeding revenue. The organization holds $3.4M in liabilities against $4.4M in assets (debt-to-asset ratio: 76.3%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $4.0M | $4.4M | $3.4M | — | View 990 |
| 2022 | $4.1M | $3.8M | $4.6M | $3.4M | — | View 990 |
| 2021 | $3.7M | $3.7M | $3.0M | $2.6M | — | View 990 |
| 2020 | $667K | $444K | $1.0M | $752K | — | View 990 |
| 2019 | $3.9M | $3.9M | $3.7M | $3.6M | — | View 990 |
| 2018 | $3.1M | $3.1M | $2.8M | $2.8M | — | View 990 |
| 2017 | $3.1M | $3.1M | $2.8M | $2.8M | — | View 990 |
| 2016 | $3.1M | $3.1M | $2.8M | $2.8M | — | View 990 |
| 2015 | $2.6M | $2.7M | $2.4M | $2.3M | — | View 990 |
| 2014 | $2.5M | $2.4M | $2.1M | $2.1M | — | View 990 |
| 2012 | $499 | $31K | $469K | $504K | — | View 990 |
| 2012 | $1.6M | $1.6M | $1.2M | $1.3M | — | View 990 |
| 2011 | $1.3M | $1.3M | $231K | $233K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $4.0M, and assets of $4.4M (revenue -5.9% year-over-year).
- 2022: Revenue of $4.1M, expenses of $3.8M, and assets of $4.6M (revenue +9.4% year-over-year).
- 2021: Revenue of $3.7M, expenses of $3.7M, and assets of $3.0M (revenue +456.8% year-over-year).
- 2020: Revenue of $667K, expenses of $444K, and assets of $1.0M (revenue -83.0% year-over-year).
- 2019: Revenue of $3.9M, expenses of $3.9M, and assets of $3.7M (revenue +26.2% year-over-year).
- 2018: Revenue of $3.1M, expenses of $3.1M, and assets of $2.8M (revenue +0.9% year-over-year).
- 2017: Revenue of $3.1M, expenses of $3.1M, and assets of $2.8M (revenue +0.4% year-over-year).
- 2016: Revenue of $3.1M, expenses of $3.1M, and assets of $2.8M (revenue +17.1% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.7M, and assets of $2.4M (revenue +4.3% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.4M, and assets of $2.1M (revenue +505060.9% year-over-year).
- 2012: Revenue of $499, expenses of $31K, and assets of $469K (revenue -100.0% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $1.2M (revenue +25.3% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $231K.
Data Sources and Methodology
This transparency report for Destin Charity Wine Auction Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.