Plano Balloon Festival Inc

What it says it does

“The plano balloon festival inc. Is dedicated to educating attendees about hot air ballooning and producing a family oriented, high quality event that offers other local non-profits an opportunity to assist in the operations of the festival. Our objective is to offer the participating non-profit agencies an opportunity to raise funds and awareness of their programs and services, thus enhancing the...”From the organization's Form 990 for the year ending Dec 2025, as written (including spelling); all-capital text shown in normal capitalization.

Plano Balloon Festival Inc finances

From the annual returns the group files with the IRS (Form 990, or the shorter Form 990-EZ for smaller groups), 3 filed years. Net assets are what it owns minus what it owes; management and general is office, admin and insurance cost. A dash means not reported (the short form does not ask for employees or volunteers). Each figure links to that year's return. A year is left out when no return is in the IRS e-file data; that does not mean the group was inactive.

Where the money goes, year ending Dec 2025

• Programs $1,818,197 (90%)
• Management and general $212,171 (10%)
• Fundraising $0 (0%)

Where the money comes from, year ending Dec 2025

• Gifts and grants $971,575 (41%)
• Program fees $1,334,358 (57%)
• Investment income $46,630 (2%)
• Other $0 (0%)

People: 3 employees and 2,000 volunteers reported for the year ending Dec 2025. Counts only; BackPR does not publish names of officers or staff.

Revenue trend: Growing. Revenue went from $1,332,436 (year ending Dec 2022) to $2,352,563 (Dec 2025), about +21% a year.

Growth label: we compare total revenue on the oldest and the newest return shown above. Growing means revenue rose by more than 10% a year on average, Shrinking means it fell by more than 10% a year, and Steady means a change between -10% and +10% a year. The rate is the compounded yearly average between the two returns, so it hides ups and downs in between (see the table). We only label groups with returns at least a year apart and at least $5,000 of revenue on the oldest one. This is our own calculation, not an IRS rating or a judgment of quality.

Source: IRS Form 990 Series Downloads (the returns open on ProPublica Nonprofit Explorer, which republishes the IRS files). Figures are as the organization filed them. Texas nonprofit.

How it compares

4 of 35 amateur sports nonprofits in Plano when sorted from largest to smallest revenue. This shows size only, not quality. Groups with no reported revenue are listed last.

Size: revenue of $2,352,563 is in the top 10% of the 1,107 amateur sports nonprofits in Texas that report revenue to the IRS (the city count above also includes groups with none). The median is $136,579.

Our analysis of the IRS Business Master File (posted October 13, 2026), using each group's latest reported revenue. Groups are sorted by revenue and split into ten equal bands, using all Texas groups of this type (Amateur sports, which covers several IRS activity codes). Size only, not a rating.

Around Plano and its county

Licensed programs in Plano

96 licensed child care centers, 10 school-age programs are in state licensing records and listed in the BackPR finder. The examples below are not related to this organization.

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