99 Balloons Inc

Analysis

99 Balloons Inc is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in January 2008, 18 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 June 2023, 99 Balloons Inc reported income of $562k and spending of $296k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $334k to $562k (+68%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 768%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 99 Balloons Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within AR. Charities of a similar size with the same main cause include Friends of Family Farmers ($562k), Laurel Highlands Workforce and Opportunity Center ($562k) and Mpak Inc ($562k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $169k. At year end it held assets of $443k against liabilities of $11k, net assets of $432k. It reported 6 employees.