Ballantyne Families Helping Neighbors in Need

Analysis

Ballantyne Families Helping Neighbors in Need is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 2020, 6 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 June 2024, Ballantyne Families Helping Neighbors in Need reported income of $115k and spending of $88k, leaving 23% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $42k to $115k (+172%), an average of +65% a year. The sharpest change came in the year to June 2024, when income rose by 71%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ballantyne Families Helping Neighbors in Need sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Lake Basin Seniors Inc ($115k), Capitol Area Telugu Society ($116k) and Kitsap Shop with a Cop ($115k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.