Balanced Budget Now

Analysis

Balanced Budget Now is a registered charity in United States, based in Vienna, VA. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Balanced Budget Now reported income of $354k and spending of $171k, leaving 52% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $603k to $354k (-41%), an average of -23% a year. The sharpest change came in the year to December 2023, when income rose by 496%. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Balanced Budget Now 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 65th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Christopher Ministries ($354k), Healthy Community Coalition of Kosciusko County Inc ($354k) and Options Now ($354k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (44% of expenses). It paid $31k in professional fundraising fees. At year end it held assets of $206k against liabilities of $36k, net assets of $170k.