Ashland Balloonfest Inc

Analysis

Ashland Balloonfest Inc is a registered charity in United States, based in Ashland, OH. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Ashland Balloonfest Inc reported income of $94k and spending of $91k, spending 96% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $102k to $94k (-7.7%), an average of -7.7% a year. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ashland Balloonfest Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within OH. Charities of a similar size with the same main cause include Friends of the Marine Science Center Inc ($94k), Friends of the Yellowstone Gateway Museum of Park County Inc ($94k) and Hogansville Charitable Trust Inc ($94k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. At year end it held assets of $146k against liabilities of $0, net assets of $146k.