National Balloon Classic Ltd

Analysis

National Balloon Classic Ltd is a registered charity in United States, based in Indianola, IA. It received its IRS tax-exemption ruling in July 1985, 41 years ago. 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 October 2023, National Balloon Classic Ltd reported income of $635k and spending of $609k, spending 96% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $505k to $635k (+26%), an average of +5.9% a year. The sharpest change came in the year to October 2021, when income rose by 111%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Balloon Classic Ltd sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within IA. Charities of a similar size with the same main cause include Sidewalk Detroit ($635k), Waco Historical Society Inc ($635k) and Wisconsin Badger Camp Inc ($635k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 50% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $102k (17% of expenses). Other salaries and wages came to $64k. At year end it held assets of $863k against liabilities of $0, net assets of $863k. It reported 2 employees.