Texas Oilfield Angels

Analysis

Texas Oilfield Angels is a registered charity in United States, based in Henderson, TX. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Texas Oilfield Angels reported income of $324k and spending of $227k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $324k (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 149%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Texas Oilfield Angels sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Second Nurture ($324k), Womens Care Center Duluth Inc ($324k) and Good Samaritan Hunger Center Inc ($324k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% of the total. At year end it held assets of $395k against liabilities of $0, net assets of $395k.