Balvikas Inc

Analysis

Balvikas Inc is a registered charity in United States, based in Ashburn, VA. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, Balvikas Inc reported income of $92k and spending of $195k, spending 211% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $112k to $92k (-17%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 113% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Balvikas Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within VA. Charities of a similar size with the same main cause include NJ Axemen Baseball Association Inc ($92k), Rhawnhurst Athletic Association Inc ($92k) and Southington Robotics and Technology Education Association Inc ($92k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.