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AMERICANS FOR A BALANCED BUDGET INC

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Public IRS 990 nonprofit record

AMERICANS FOR A BALANCED BUDGET INC

EIN 46-4576284 · Research Institutes & Public Policy Analysis (R05)

What they do

ORIGINALLY IN OPERATION DURING THE 1980S and 1990S, AMERICANS for A BALANCED BUDGET (ABB) WAS RE-FOUNDED IN 2009 IN RESPONSE to THE RECKLESS FISCAL POLICIES of THE BIG-SPENDING, OUT-OF-CONTROL POLITICIANS IN WASHINGTON, D.C. WITH THE NATIONAL DEBT SOARING PAST 30 TRILLION DOLLARS, IT is CLEAR to MILLIONS of AMERICANS THAT THIS MASSIVE DEBT is OUR GREATEST NATIONAL SECURITY RISK IN THE 21ST CENTURY. ABB PROVIDES A VOICE for AMERICAN TAXPAYERS WHO BELIEVE THE UNITED STATES MUST GET ITS SPENDING UNDER CONTROL IN ORDER to SURVIVE and PROSPER. ABB is AN EFFECTIVE ADVOCACY ORGANIZATION WORKING TOWARD A BALANCED BUDGET AMENDMENT, A MODERNIZED TAX CODE and OTHER COMMON SENSE POLICY OBJECTIVES WHICH WILL HELP AMERICA GET ITS FISCAL HOUSE IN ORDER.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $65.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders5 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

45.95%of revenue went to mission work65.6% of expenses · Program services
$70.09spent for every $100 of revenueRevenue covered expenses this year.
$5.48in assets for every $1 spent this yearSome assets cannot be spent right away.
100.0%of its money came from giftsOther money may come from services or investments.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$68,125
Mission workProgram services$31,30345.95% of revenue65.6% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$20,37529.91% of revenueShown in gray on the chart
Total expenses$47,75070.09% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 65.6% mission · 0.0% management · 0.0% fundraisingTotal expenses: 70.09% of revenue
2023Expense mix: 98.2% mission · 1.8% management · 0.0% fundraisingTotal expenses: 101.62% of revenue
2022Expense mix: 96.5% mission · 3.5% management · 0.0% fundraisingTotal expenses: 82.42% of revenue
2021Expense mix: 79.5% mission · 20.5% management · 0.0% fundraisingTotal expenses: 98.87% of revenue
2020Expense mix: 96.9% mission · 0.0% management · 0.0% fundraisingTotal expenses: 34.85% of revenue
2019Expense mix: 95.9% mission · 0.0% management · 0.0% fundraisingTotal expenses: 64.36% of revenue
2018Expense mix: 93.8% mission · 0.0% management · 0.0% fundraisingTotal expenses: 33.40% of revenue
2017Expense mix: 93.4% mission · 0.0% management · 0.0% fundraisingTotal expenses: 93.07% of revenue

Money in and money out

Revenue$68,125
Expenses$47,750
Annual surplus $20,375 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$31,303 · 65.6% of expenses
See all reported dollar amounts
Revenue$68,125
Expenses$47,750
Assets$261,524
Income$68,125
Contributions$68,125
Mission work (program services)$31,303
Grants given$1,780,000
Average grant$445,000
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (5)

CHAD ADAM HEFLINBOARD MEMBER

CHARLES GANTTTREASURER

DOUGLAS F STEWART IIIPRESIDENT

HON THOMAS COWART GOOLSBY JR ESQBOARD MEMBER

ROGER LEE CURRIE JRBOARD MEMBER

About this charity

Recognized since
January 2014
Location
PO BOX 28091, RALEIGH, NC 27611
County
Wake
In care of
CHARLES GANTT
Primary officer
CHARLES GANTT, TREASURER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990EZ
Tax preparer
JOYCE AND COMPANY CPA
NTEE classification
Research Institutes & Public Policy Analysis (R05)
IRS tax category
Research Institutes & Public Policy Analysis
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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