Balloons Over Vermilion NFP

Analysis

Balloons Over Vermilion NFP is a registered charity in United States, based in Danville, IL. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Balloons Over Vermilion NFP reported income of $414k and spending of $411k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $228k to $414k (+82%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Balloons Over Vermilion NFP sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Madison United Soccer Association Inc ($414k), Chino Hills Aquatics ($414k) and Jacksonville-Onslow Sports Commissions ($414k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 35% of the total. At year end it held assets of $439k against liabilities of $104k, net assets of $335k.