Anderson Abruzzo International Balloon Museum Foundation

Analysis

Anderson Abruzzo International Balloon Museum Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 1985, 41 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Anderson Abruzzo International Balloon Museum Foundation reported income of $339k and spending of $324k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $346k to $339k (-2.1%), an average of -0.5% a year. The sharpest change came in the year to June 2022, when income rose by 308%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Anderson Abruzzo International Balloon Museum Foundation sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NM. Charities of a similar size with the same main cause include Dayton Liederkranz-Turners Inc ($339k), LA Porte County Historical Steam Society Inc ($339k) and Bare Hands Gallery Inc ($339k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% of the total. Other salaries and wages came to $175k. At year end it held assets of $636k against liabilities of $227k, net assets of $408k. It reported 26 employees.