Ravenna Balloon A-Fair

Analysis

Ravenna Balloon A-Fair is a registered charity in United States, based in Ravenna, OH. It received its IRS tax-exemption ruling in July 2025. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 2023, Ravenna Balloon A-Fair reported income of $162k and spending of $101k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $162k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ravenna Balloon A-Fair sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within OH. Charities of a similar size with the same main cause include Les Dames Descoffier of Philadelphia ($162k), Charity Foundation ($162k) and Two Rivers CDC ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.