Balamand Educational Foundation Inc

Analysis

Balamand Educational Foundation Inc is a registered charity in United States, based in Northborough, MA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Balamand Educational Foundation Inc reported income of $186k and spending of $34k, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $257k to $186k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2020, when income rose by 91%. Over the whole period it spent 54% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Balamand Educational Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Integral Heart Foundation ($186k), Lumeya International Ministries Inc ($186k) and Airo Healthcare Inc ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% of the total. At year end it held assets of $5.3m against liabilities of $0, net assets of $5.3m.