Clipper Petroleum Foundation Inc

Analysis

Clipper Petroleum Foundation Inc is a registered charity in United States, based in Flowery BR, GA. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Clipper Petroleum Foundation Inc reported income of $168k and spending of $9,433, leaving 94% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $149k to $168k (+13%), an average of +13% a year. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clipper Petroleum Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within GA. Charities of a similar size with the same main cause include Fresh Start Scholarship Foundation Inc ($168k), Friends of Balanya English Academy ($168k) and James Madison High School Band Parents Organization Inc ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. At year end it held assets of $229k against liabilities of $0, net assets of $229k.