Ballentine Home Corporation

Analysis

Ballentine Home Corporation is a registered charity in United States, based in Virginia Beach, VA. It received its IRS tax-exemption ruling in December 1985, 41 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Ballentine Home Corporation reported income of $522k and spending of $630k, spending 121% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $209k to $522k (+149%), an average of +26% a year. The sharpest change came in the year to September 2021, when income rose by 1265%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ballentine Home Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Preston Castle Foundation ($522k), Creative Learning Center of Farmville ($522k) and Treasure Coast Victory Childrens Home Inc ($522k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 89% of the total. Other salaries and wages came to $90k. At year end it held assets of $10.0m against liabilities of $1.5m, net assets of $8.5m.