Spiedie Fest Balloon Rally Expo Inc

Analysis

Spiedie Fest Balloon Rally Expo Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Spiedie Fest Balloon Rally Expo Inc reported income of $998k and spending of $850k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $749k to $998k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 172%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spiedie Fest Balloon Rally Expo Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Good News Childrens Center Inc ($998k), One Community One Family Inc ($998k) and Haven House Inc ($998k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Other salaries and wages came to $52k. At year end it held assets of $389k against liabilities of $683k, net assets of -$294k.