National Balloon Rally Charities Inc

Analysis

National Balloon Rally Charities Inc is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in December 1988, 38 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, National Balloon Rally Charities Inc reported income of $695k and spending of $713k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $599k to $695k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2022, when income rose by 1223%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Balloon Rally Charities Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Junior Board of Christiana Care Inc ($695k), Ingalls Creek Enrichment Center ($695k) and Rockville Nursery School and Kindergarten Inc ($695k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Other salaries and wages came to $39k. At year end it held assets of $422k against liabilities of $1,736, net assets of $421k. It reported 1 employees.