Balam Foundation Incorporated

Analysis

Balam Foundation Incorporated is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Balam Foundation Incorporated reported income of $359k and spending of $359k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $222k to $359k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 91% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Balam Foundation Incorporated sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Dallas Fort Worth Labrador Retriever Rescue Club Inc ($359k), Arcas Wildlife Rescue and Conservation Association Ltd ($359k) and Frederick County Humane Society Inc ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $49k (14% of expenses). At year end it held assets of $101k against liabilities of $967, net assets of $100k. It reported 1 employees.