Battle Creek Hot Air Balloon Championships Inc
EIN: 382287342 · Battle Creek, MI
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $924K |
| Net Assets | $719K |
Is Battle Creek Hot Air Balloon Championships Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Battle Creek Hot Air Balloon Championships Inc
Battle Creek Hot Air Balloon Championships Inc (EIN: 382287342) is a nonprofit organization based in Battle Creek, MI. The organization reported total revenue of $1.2M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Battle Creek Hot Air Balloon Championships Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Battle Creek Hot Air Balloon Championships Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $924K |
| Surplus / Deficit | +$118K |
| Total Assets | $719K |
| Net Assets | $719K |
| Operating Margin | 11.4% |
| Months of Reserves | 9.3 months |
Financial Health Grade: A
In 2023, Battle Creek Hot Air Balloon Championships Inc reported a surplus of $118K with revenue exceeding expenses, holds 9.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Battle Creek Hot Air Balloon Championships Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.2% | +9.5% | +17.3% |
| 2022 | +18.8% | +30.3% | +77.4% |
| 2021 | +1030.7% | +353.7% | +498.7% |
| 2020 | -85.6% | -77.3% | -53.5% |
| 2019 | -2.3% | -5.9% | -28.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Battle Creek Hot Air Balloon Championships Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Battle Creek Hot Air Balloon Championships Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $118K, with revenue exceeding expenses.
Frequently Asked Questions about Battle Creek Hot Air Balloon Championships Inc
Is Battle Creek Hot Air Balloon Championships Inc a legitimate charity?
Battle Creek Hot Air Balloon Championships Inc (EIN: 382287342) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. Financial health grade: A.
How does Battle Creek Hot Air Balloon Championships Inc spend its money?
Battle Creek Hot Air Balloon Championships Inc reported $1.2M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Battle Creek Hot Air Balloon Championships Inc tax-deductible?
Battle Creek Hot Air Balloon Championships Inc is registered as a tax-exempt nonprofit (EIN: 382287342). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Battle Creek Hot Air Balloon Championships Inc located?
Battle Creek Hot Air Balloon Championships Inc is headquartered in Battle Creek, Michigan and files with the IRS under EIN 382287342.
How many years of IRS 990 filings does Battle Creek Hot Air Balloon Championships Inc have?
Battle Creek Hot Air Balloon Championships Inc has 13 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Battle Creek Hot Air Balloon Championships Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Battle Creek Hot Air Balloon Championships Inc's revenue has grown by 68.3%, moving from $619K to $1.0M. Total assets increased by 2513.9% over the same period, from $28K to $719K. Total functional expenses rose by 54.2%, from $599K to $924K. In its most recent filing year (2023), Battle Creek Hot Air Balloon Championships Inc reported a surplus of $118K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $924K | $719K | $0 | — | View 990 |
| 2022 | $1.1M | $843K | $613K | $360 | — | View 990 |
| 2021 | $935K | $647K | $345K | $0 | — | View 990 |
| 2020 | $83K | $143K | $58K | $0 | — | View 990 |
| 2019 | $574K | $630K | $124K | $5K | — | View 990 |
| 2018 | $588K | $669K | $174K | $0 | — | View 990 |
| 2017 | $683K | $609K | $263K | $0 | — | View 990 |
| 2016 | $738K | $536K | $242K | $50K | — | View 990 |
| 2015 | $599K | $497K | $135K | $145K | — | View 990 |
| 2014 | $615K | $504K | $55K | $165K | — | View 990 |
| 2013 | $438K | $469K | $11K | $230K | — | View 990 |
| 2012 | $468K | $571K | $25K | $214K | — | View 990 |
| 2011 | $619K | $599K | $28K | $121K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $924K, and assets of $719K (revenue -6.2% year-over-year).
- 2022: Revenue of $1.1M, expenses of $843K, and assets of $613K (revenue +18.8% year-over-year).
- 2021: Revenue of $935K, expenses of $647K, and assets of $345K (revenue +1030.7% year-over-year).
- 2020: Revenue of $83K, expenses of $143K, and assets of $58K (revenue -85.6% year-over-year).
- 2019: Revenue of $574K, expenses of $630K, and assets of $124K (revenue -2.3% year-over-year).
- 2018: Revenue of $588K, expenses of $669K, and assets of $174K (revenue -14.0% year-over-year).
- 2017: Revenue of $683K, expenses of $609K, and assets of $263K (revenue -7.4% year-over-year).
- 2016: Revenue of $738K, expenses of $536K, and assets of $242K (revenue +23.1% year-over-year).
- 2015: Revenue of $599K, expenses of $497K, and assets of $135K (revenue -2.6% year-over-year).
- 2014: Revenue of $615K, expenses of $504K, and assets of $55K (revenue +40.3% year-over-year).
- 2013: Revenue of $438K, expenses of $469K, and assets of $11K (revenue -6.4% year-over-year).
- 2012: Revenue of $468K, expenses of $571K, and assets of $25K (revenue -24.4% year-over-year).
- 2011: Revenue of $619K, expenses of $599K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Battle Creek Hot Air Balloon Championships Inc:
Data Sources and Methodology
This transparency report for Battle Creek Hot Air Balloon Championships 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.