Sonoma County Hot Air Balloon Classic Inc

Analysis

Sonoma County Hot Air Balloon Classic Inc is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Sonoma County Hot Air Balloon Classic Inc reported income of $108k and spending of $219k, spending 203% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $108k (+12%), an average of +12% a year. Over the whole period it spent 172% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sonoma County Hot Air Balloon Classic Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Mini-Cassia Christmas Council Inc ($108k), Share Institute Inc ($108k) and Minnesota Interfaith Coalition on Immigration Icom ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. At year end it held assets of $65k against liabilities of $1,022, net assets of $64k.