Albuquerque Balloon Championship Inc

Analysis

Albuquerque Balloon Championship Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Albuquerque Balloon Championship Inc reported income of $141k and spending of $115k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $141k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Albuquerque Balloon Championship Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within NM. Charities of a similar size with the same main cause include Northwest Conference League ($141k), Color Country Futbol Club ($141k) and Little League Baseball Inc ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.