Balon USA

Analysis

Balon USA is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in May 2019, 7 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Balon USA reported income of $322k and spending of $250k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $194k to $322k (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Balon USA sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within CO. Charities of a similar size with the same main cause include Central Valley Community College Athletic Conference of California ($322k), Stoddard County Fair Board ($322k) and B&b Sports Academy Inc ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $59k (24% of expenses). It paid $3,360 in professional fundraising fees. At year end it held assets of $140k against liabilities of $2,022, net assets of $138k. It reported 1 employees.