Ogden Valley Balloon Fest Inc
Ogden Valley Balloon Fest Inc. operates on a small budget with no officer compensation, experiencing significant revenue fluctuations.
EIN: 201217120 · Huntsville, UT · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10K |
| Total Expenses | $10K |
| Program Spending | 90% |
| Net Assets | $2K |
| Transparency Score | 85/100 |
Is Ogden Valley Balloon Fest Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ogden Valley Balloon Fest Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ogden Valley Balloon Fest Inc
Ogden Valley Balloon Fest Inc (EIN: 201217120) is a nonprofit organization based in Huntsville, UT, classified under NTEE code T30. The organization reported total revenue of $10K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ogden Valley Balloon Fest Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ogden Valley Balloon Fest Inc is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2020).
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $10K |
| Surplus / Deficit | $-781 |
| Total Assets | $2K |
| Total Liabilities | $144 |
| Net Assets | $2K |
| Operating Margin | -8.2% |
| Debt-to-Asset Ratio | 8.1% |
| Months of Reserves | 2.1 months |
Financial Health Grade: C
In 2020, Ogden Valley Balloon Fest Inc reported a deficit of $781 with expenses exceeding revenue, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 8.1% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -88.8% | -87.6% | -30.5% |
| 2019 | +18.6% | +14.9% | +1462.2% |
| 2018 | +20.6% | +20.7% | -68.8% |
| 2017 | +27.4% | +1.7% | +22.7% |
| 2016 | +27.5% | -0.2% | -96.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Ogden Valley Balloon Fest 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: 90%
- fundraising: 0%
According to IRS 990 filings, Ogden Valley Balloon Fest Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $781, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, 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.
Red Flags
The following concerns were identified during AI analysis of Ogden Valley Balloon Fest Inc's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $85,181 in 2019 to $9,500 in 2020)
- Limited assets ($1,781 in 2020) provide minimal financial cushion
Strengths
The following positive indicators were identified for Ogden Valley Balloon Fest Inc:
- Consistent 0% officer compensation, indicating strong volunteer commitment and efficient use of funds
- Lean operational structure with expenses generally tracking revenues
- Focus on community event (Arts, Culture, Humanities - Festivals)
Frequently Asked Questions about Ogden Valley Balloon Fest Inc
Is Ogden Valley Balloon Fest Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ogden Valley Balloon Fest Inc (EIN: 201217120) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Ogden Valley Balloon Fest Inc spend its money?
Ogden Valley Balloon Fest Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ogden Valley Balloon Fest Inc tax-deductible?
Ogden Valley Balloon Fest Inc is registered as a tax-exempt nonprofit (EIN: 201217120). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Ogden Valley Balloon Fest Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ogden Valley Balloon Fest Inc is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ogden Valley Balloon Fest Inc located?
Ogden Valley Balloon Fest Inc is headquartered in Huntsville, Utah and files with the IRS under EIN 201217120. It is classified under NTEE code T30.
How many years of IRS 990 filings does Ogden Valley Balloon Fest Inc have?
Ogden Valley Balloon Fest Inc has 10 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 $10K in total revenue.
Is Ogden Valley Balloon Fest Inc. a good charity?
Based on the available data, Ogden Valley Balloon Fest Inc. appears to be a well-intentioned, volunteer-driven organization. The consistent 0% officer compensation is a strong positive indicator of its commitment to its mission. However, its small scale and fluctuating revenue mean it has limited financial capacity.
How does the organization fund its operations?
The organization primarily funds its operations through revenue generated, which has varied significantly, from $85,181 in 2019 to $9,500 in 2020. This revenue likely comes from event fees, sponsorships, and donations related to the balloon festival.
What caused the significant drop in revenue from 2019 to 2020?
The data does not explicitly state the cause, but a drop from $85,181 in 2019 to $9,500 in 2020 strongly suggests an impact from external factors, such as the COVID-19 pandemic leading to event cancellations or reduced attendance and fundraising opportunities.
Filing History
IRS 990 filing history for Ogden Valley Balloon Fest Inc showing financial trends over 10 years of public records:
Total assets increased by 695.1% over the same period, from $224 to $2K. Total functional expenses rose by 6754%, from $150 to $10K. In its most recent filing year (2020), Ogden Valley Balloon Fest Inc reported a deficit of $781, with expenses exceeding revenue. The organization holds $144 in liabilities against $2K in assets (debt-to-asset ratio: 8.1%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $10K | $10K | $2K | $144 | — | View 990 |
| 2019 | $85K | $83K | $3K | $144 | — | View 990 |
| 2018 | $72K | $72K | $164 | $296 | — | View 990 |
| 2017 | $60K | $60K | $525 | $568 | — | View 990 |
| 2016 | $47K | $59K | $428 | $0 | — | View 990 |
| 2015 | $37K | $59K | $12K | $0 | — | View 990 |
| 2014 | $82K | $48K | $34K | $0 | — | View 990 |
| 2013 | $0 | $0 | $0 | $0 | — | View 990 |
| 2012 | $0 | $0 | $224 | $0 | — | View 990 |
| 2011 | $0 | $150 | $224 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $10K, expenses of $10K, and assets of $2K (revenue -88.8% year-over-year).
- 2019: Revenue of $85K, expenses of $83K, and assets of $3K (revenue +18.6% year-over-year).
- 2018: Revenue of $72K, expenses of $72K, and assets of $164 (revenue +20.6% year-over-year).
- 2017: Revenue of $60K, expenses of $60K, and assets of $525 (revenue +27.4% year-over-year).
- 2016: Revenue of $47K, expenses of $59K, and assets of $428 (revenue +27.5% year-over-year).
- 2015: Revenue of $37K, expenses of $59K, and assets of $12K (revenue -55.2% year-over-year).
- 2014: Revenue of $82K, expenses of $48K, and assets of $34K.
- 2013: Revenue of $0, expenses of $0, and assets of $0.
- 2012: Revenue of $0, expenses of $0, and assets of $224.
- 2011: Revenue of $0, expenses of $150, and assets of $224.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ogden Valley Balloon Fest Inc:
Data Sources and Methodology
This transparency report for Ogden Valley Balloon Fest 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.