National Balloon Museum Inc

Analysis

National Balloon Museum Inc is a registered charity in United States, based in Indianola, IA. It received its IRS tax-exemption ruling in September 1980, 46 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 December 2022, National Balloon Museum Inc reported income of $57k and spending of $58k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $45k to $57k (+27%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 338%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Balloon Museum Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 19th percentile within IA. Charities of a similar size with the same main cause include Whatcom Chorale ($57k), Hawaii Heritage Center ($57k) and Austin Jazz Society ($57k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 3.9% and program service revenue 6.9% of the total. At year end it held assets of $802k against liabilities of $0, net assets of $802k.