Alabama Oilmens Invitational Inc

Analysis

Alabama Oilmens Invitational Inc is a registered charity in United States, based in Spanish Fort, AL. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alabama Oilmens Invitational Inc reported income of $424k and spending of $425k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $424k (+66%), an average of +14% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Alabama Oilmens Invitational Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within AL. Charities of a similar size with the same main cause include Burke County United Way ($424k), Lend a Helping Can Inc ($424k) and The Relational Center ($423k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $128k against liabilities of $21k, net assets of $107k.