Havasu Balloon Festival and Fair Inc

Analysis

Havasu Balloon Festival and Fair Inc is a registered charity in United States, based in LK Havasu Cty, AZ. It received its IRS tax-exemption ruling in July 2014, 12 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 March 2023, Havasu Balloon Festival and Fair Inc reported income of $567k and spending of $620k, spending 109% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $536k to $567k (+5.8%), an average of +1.4% a year. The sharpest change came in the year to March 2022, when income rose by 1814%. 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, Havasu Balloon Festival and Fair Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within AZ. Charities of a similar size with the same main cause include Newport Beach Baseball Association ($567k), Ellis Short Sands Park Trust ($567k) and Pleasure Island Soccer Association Inc ($567k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $96k against liabilities of $0, net assets of $96k.