All Ohio Balloon Festival Inc

Analysis

All Ohio Balloon Festival Inc is a registered charity in United States, based in Marysville, OH. It received its IRS tax-exemption ruling in March 2015, 11 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, All Ohio Balloon Festival Inc reported income of $478k and spending of $480k, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $290k to $478k (+64%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, All Ohio Balloon Festival Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include High School Hockey League of Nassau County Inc ($477k), Canton Amateur Hockey Association ($478k) and Renaissance Knights Foundation ($477k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3,098 against liabilities of $0, net assets of $3,098.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.