Balloon Federation of America

Analysis

Balloon Federation of America is a registered charity in United States, based in Indianola, IA. It received its IRS tax-exemption ruling in January 1984, 42 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 December 2023, Balloon Federation of America reported income of $369k and spending of $241k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $314k to $369k (+18%), an average of +4.1% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Balloon Federation of America sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within IA. Charities of a similar size with the same main cause include St John Paul II Housing Inc ($368k), Saint Basil Academy Trust ($369k) and PTA Georgia Congress ($368k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 26% of the total. Other salaries and wages came to $50k. At year end it held assets of $678k against liabilities of $91k, net assets of $587k. It reported 1 employees.