Forever Balboa Park

Analysis

Forever Balboa Park is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2024, Forever Balboa Park reported income of $4.8m and spending of $4.3m, spending 90% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.4m to $4.8m (+244%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 118%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Forever Balboa Park sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Evangelical Council for Financial Accountability ($4.8m), Greater St Stephen Ministries ($4.8m) and Look-Up Lodge Christian Camp Inc ($4.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $460k (11% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $11.6m against liabilities of $507k, net assets of $11.1m. It reported 40 employees.