Consistent 0% officer compensation across all filings, indicating efficient use of funds.
Positive net assets maintained in most periods, demonstrating financial stability.
Strong asset-to-liability position, with liabilities frequently reported as $0.
Consistent IRS 990 filing history, indicating good transparency and compliance.
Recent revenue growth, with 2023 revenue at $141,242 exceeding expenses of $115,461.
Spending Breakdown
How Albuquerque Balloon Championship Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Albuquerque Balloon Championship Inc
Is Albuquerque Balloon Championship Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Albuquerque Balloon Championship Inc (EIN: 200686366) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Albuquerque Balloon Championship Inc a good charity to donate to?
Albuquerque Balloon Championship Inc has a Mission Score of 85/100. Revenue: $117K. Assets: $123K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Albuquerque Balloon Championship Inc?
The Employer Identification Number (EIN) for Albuquerque Balloon Championship Inc is 200686366. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Albuquerque Balloon Championship Inc spend its money?
Albuquerque Balloon Championship Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Albuquerque Balloon Championship Inc's tax-exempt status?
You can verify Albuquerque Balloon Championship Inc's tax-exempt status using EIN 200686366 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Albuquerque Balloon Championship Inc. demonstrates a generally stable financial position, with assets consistently exceeding liabilities across its filing history. The organization's revenue has fluctuated, with a notable dip to $0 in 2020 and a peak of $141,242 in 2023. Expenses have also varied, but the organization has managed to maintain positive net assets in most years, indicating sound financial management. A significant strength is the consistent reporting of 0% officer compensation, suggesting that resources are not being diverted to high executive salaries. The organization's transparency is good, with a consistent filing history available for public review.
While the organization's program spending efficiency cannot be precisely determined without a detailed breakdown of expenses from the provided data, the absence of officer compensation is a positive indicator. The organization's financial health appears to be improving, with the latest filing (2023) showing revenue exceeding expenses ($141,242 vs. $115,461), leading to an increase in assets to $93,693. This trend suggests a healthy operational surplus in recent periods, contributing to its financial resilience.
Overall, Albuquerque Balloon Championship Inc. appears to be a financially responsible organization, particularly given its consistent asset base and the absence of executive compensation. Its ability to navigate revenue fluctuations while maintaining positive net assets speaks to prudent financial oversight. The consistent filing of IRS Form 990s further enhances its transparency.