Albuquerque Balloon Championship Inc
Albuquerque Balloon Championship Inc. maintains stable finances with no executive compensation.
EIN: 200686366 · Albuquerque, NM · NTEE: N70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $117K |
| Total Expenses | $115K |
| Program Spending | 85% |
| Net Assets | $94K |
| Transparency Score | 85/100 |
Is Albuquerque Balloon Championship Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Albuquerque Balloon Championship Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Albuquerque Balloon Championship Inc
Albuquerque Balloon Championship Inc (EIN: 200686366) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code N70. The organization reported total revenue of $117K and total assets of $123K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Albuquerque Balloon Championship Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Albuquerque Balloon Championship Inc is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $141K |
| Total Expenses | $115K |
| Surplus / Deficit | +$26K |
| Total Assets | $94K |
| Net Assets | $94K |
| Operating Margin | 18.3% |
| Months of Reserves | 9.7 months |
Financial Health Grade: A
In 2023, Albuquerque Balloon Championship Inc reported a surplus of $26K with revenue exceeding expenses, holds 9.7 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Albuquerque Balloon Championship Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +98.0% | +8.3% | +38.0% |
| 2022 | -24.9% | +30355.1% | -34.2% |
| 2020 | -100.0% | -6.9% | -87.5% |
| 2019 | -19.4% | -7.3% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Albuquerque Balloon Championship Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Albuquerque Balloon Championship Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $26K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries or benefits are paid to officers, which is highly commendable for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Albuquerque Balloon Championship Inc:
- 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.
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 legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Albuquerque Balloon Championship Inc spend its money?
Albuquerque Balloon Championship Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Albuquerque Balloon Championship Inc tax-deductible?
Albuquerque Balloon Championship Inc is registered as a tax-exempt nonprofit (EIN: 200686366). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Albuquerque Balloon Championship Inc's spending goes to programs?
Albuquerque Balloon Championship Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Albuquerque Balloon Championship Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Albuquerque Balloon Championship Inc is above average for NTEE category N70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Albuquerque Balloon Championship Inc located?
Albuquerque Balloon Championship Inc is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 200686366. It is classified under NTEE code N70.
How many years of IRS 990 filings does Albuquerque Balloon Championship Inc have?
Albuquerque Balloon Championship Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $117K in total revenue.
Is Albuquerque Balloon Championship Inc. a good charity?
Based on the available financial data, Albuquerque Balloon Championship Inc. appears to be a well-managed organization. It consistently reports 0% officer compensation, maintains positive net assets, and has a transparent filing history. These factors suggest it is a responsible steward of its resources.
How has the organization's revenue trended over time?
The organization's revenue has fluctuated, ranging from $0 in 2020 to a high of $141,242 in 2023. There's a general upward trend in recent years, with the latest revenue at $141,242, indicating growth.
What is the organization's asset-to-liability ratio?
For the latest period (2023), assets were $93,693 and liabilities were $0, resulting in an excellent asset-to-liability ratio, indicating strong financial solvency. Liabilities have been consistently reported as $0 in most periods.
Filing History
IRS 990 filing history for Albuquerque Balloon Championship Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Albuquerque Balloon Championship Inc's revenue has grown by 52.6%, moving from $93K to $141K. Total assets increased by 10.4% over the same period, from $85K to $94K. Total functional expenses rose by 95.5%, from $59K to $115K. In its most recent filing year (2023), Albuquerque Balloon Championship Inc reported a surplus of $26K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $141K | $115K | $94K | $0 | — | View 990 |
| 2022 | $71K | $107K | $68K | $0 | — | View 990 |
| 2021 | $95K | $350 | $103K | $0 | — | — |
| 2020 | $0 | $59K | $9K | $0 | — | View 990 |
| 2019 | $63K | $64K | $68K | $0 | — | View 990 |
| 2018 | $78K | $69K | $69K | $0 | — | View 990 |
| 2016 | $57K | $68K | $62K | $0 | — | View 990 |
| 2015 | $58K | $63K | $73K | $0 | — | View 990 |
| 2014 | $73K | $72K | $80K | $921 | — | View 990 |
| 2013 | $71K | $82K | $78K | $0 | — | View 990 |
| 2012 | $84K | $80K | $90K | $0 | — | View 990 |
| 2011 | $93K | $59K | $85K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $141K, expenses of $115K, and assets of $94K (revenue +98.0% year-over-year).
- 2022: Revenue of $71K, expenses of $107K, and assets of $68K (revenue -24.9% year-over-year).
- 2021: Revenue of $95K, expenses of $350, and assets of $103K.
- 2020: Revenue of $0, expenses of $59K, and assets of $9K (revenue -100.0% year-over-year).
- 2019: Revenue of $63K, expenses of $64K, and assets of $68K (revenue -19.4% year-over-year).
- 2018: Revenue of $78K, expenses of $69K, and assets of $69K (revenue +37.8% year-over-year).
- 2016: Revenue of $57K, expenses of $68K, and assets of $62K (revenue -2.4% year-over-year).
- 2015: Revenue of $58K, expenses of $63K, and assets of $73K (revenue -20.5% year-over-year).
- 2014: Revenue of $73K, expenses of $72K, and assets of $80K (revenue +2.8% year-over-year).
- 2013: Revenue of $71K, expenses of $82K, and assets of $78K (revenue -15.9% year-over-year).
- 2012: Revenue of $84K, expenses of $80K, and assets of $90K (revenue -8.9% year-over-year).
- 2011: Revenue of $93K, expenses of $59K, and assets of $85K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Albuquerque Balloon Championship Inc:
Data Sources and Methodology
This transparency report for Albuquerque Balloon Championship Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.