Wine And Spirits Foundation Of Louisiana Inc
EIN: 237024545 · Baton Rouge, LA
| Metric | Value |
|---|---|
| Total Revenue | $106K |
| Total Expenses | $177K |
| Net Assets | $255K |
Is Wine And Spirits Foundation Of Louisiana Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wine And Spirits Foundation Of Louisiana Inc
Wine And Spirits Foundation Of Louisiana Inc (EIN: 237024545) is a nonprofit organization based in Baton Rouge, LA. The organization reported total revenue of $106K and total assets of $204K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wine And Spirits Foundation Of Louisiana Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wine And Spirits Foundation Of Louisiana Inc is a small nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $135K |
| Total Expenses | $177K |
| Surplus / Deficit | $-41,639 |
| Total Assets | $264K |
| Total Liabilities | $9K |
| Net Assets | $255K |
| Operating Margin | -30.7% |
| Debt-to-Asset Ratio | 3.5% |
| Months of Reserves | 17.9 months |
Financial Health Grade: B
In 2023, Wine And Spirits Foundation Of Louisiana Inc reported a deficit of $42K with expenses exceeding revenue, holds 17.9 months of operating reserves (strong position), has a debt-to-asset ratio of 3.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wine And Spirits Foundation Of Louisiana Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.3% | -27.3% | -19.1% |
| 2022 | +4.5% | +40.3% | -6.8% |
| 2021 | -2.9% | +56.4% | -2.8% |
| 2020 | -2.9% | -44.0% | +30.0% |
| 2019 | +8.7% | +12.3% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1968 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wine And Spirits Foundation Of Louisiana Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wine And Spirits Foundation Of Louisiana Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $42K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.5%.
Frequently Asked Questions about Wine And Spirits Foundation Of Louisiana Inc
Is Wine And Spirits Foundation Of Louisiana Inc a legitimate charity?
Wine And Spirits Foundation Of Louisiana Inc (EIN: 237024545) is a registered tax-exempt nonprofit based in Louisiana. It has 13 years of IRS 990 filings on record. Total revenue: $106K. No red flags identified. Financial health grade: B.
How does Wine And Spirits Foundation Of Louisiana Inc spend its money?
Wine And Spirits Foundation Of Louisiana Inc reported $106K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wine And Spirits Foundation Of Louisiana Inc tax-deductible?
Wine And Spirits Foundation Of Louisiana Inc is registered as a tax-exempt nonprofit (EIN: 237024545). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wine And Spirits Foundation Of Louisiana Inc located?
Wine And Spirits Foundation Of Louisiana Inc is headquartered in Baton Rouge, Louisiana and files with the IRS under EIN 237024545.
How many years of IRS 990 filings does Wine And Spirits Foundation Of Louisiana Inc have?
Wine And Spirits Foundation Of Louisiana Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $106K in total revenue.
Filing History
IRS 990 filing history for Wine And Spirits Foundation Of Louisiana Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wine And Spirits Foundation Of Louisiana Inc's revenue has declined by 26%, moving from $183K to $135K. Total assets increased by 82.6% over the same period, from $145K to $264K. Total functional expenses rose by 22.5%, from $145K to $177K. In its most recent filing year (2023), Wine And Spirits Foundation Of Louisiana Inc reported a deficit of $42K, with expenses exceeding revenue. The organization holds $9K in liabilities against $264K in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $255K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $135K | $177K | $264K | $9K | — | View 990 |
| 2022 | $192K | $244K | $326K | $30K | — | View 990 |
| 2021 | $183K | $174K | $350K | $2K | — | View 990 |
| 2020 | $189K | $111K | $360K | $21K | — | View 990 |
| 2019 | $194K | $198K | $277K | $16K | — | View 990 |
| 2018 | $179K | $177K | $271K | $6K | — | View 990 |
| 2017 | $199K | $197K | $269K | $7K | — | View 990 |
| 2016 | $191K | $179K | $265K | $5K | — | View 990 |
| 2015 | $196K | $159K | $252K | $4K | — | View 990 |
| 2014 | $191K | $169K | $211K | $214 | — | View 990 |
| 2013 | $183K | $167K | $190K | $1K | — | View 990 |
| 2012 | $181K | $152K | $173K | $558 | — | View 990 |
| 2011 | $183K | $145K | $145K | $996 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $135K, expenses of $177K, and assets of $264K (revenue -29.3% year-over-year).
- 2022: Revenue of $192K, expenses of $244K, and assets of $326K (revenue +4.5% year-over-year).
- 2021: Revenue of $183K, expenses of $174K, and assets of $350K (revenue -2.9% year-over-year).
- 2020: Revenue of $189K, expenses of $111K, and assets of $360K (revenue -2.9% year-over-year).
- 2019: Revenue of $194K, expenses of $198K, and assets of $277K (revenue +8.7% year-over-year).
- 2018: Revenue of $179K, expenses of $177K, and assets of $271K (revenue -10.4% year-over-year).
- 2017: Revenue of $199K, expenses of $197K, and assets of $269K (revenue +4.2% year-over-year).
- 2016: Revenue of $191K, expenses of $179K, and assets of $265K (revenue -2.2% year-over-year).
- 2015: Revenue of $196K, expenses of $159K, and assets of $252K (revenue +2.4% year-over-year).
- 2014: Revenue of $191K, expenses of $169K, and assets of $211K (revenue +4.4% year-over-year).
- 2013: Revenue of $183K, expenses of $167K, and assets of $190K (revenue +1.0% year-over-year).
- 2012: Revenue of $181K, expenses of $152K, and assets of $173K (revenue -0.9% year-over-year).
- 2011: Revenue of $183K, expenses of $145K, and assets of $145K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wine And Spirits Foundation Of Louisiana Inc:
Data Sources and Methodology
This transparency report for Wine And Spirits Foundation Of Louisiana 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.