Kansas Oil & Gas Museum Foundation

Analysis

Kansas Oil & Gas Museum Foundation is a registered charity in United States, based in Great Bend, KS. It received its IRS tax-exemption ruling in July 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Kansas Oil & Gas Museum Foundation reported income of $495k and spending of $36k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $36k to $495k (+1279%), an average of +93% a year. The sharpest change came in the year to December 2023, when income rose by 391%. Over the whole period it spent 23% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kansas Oil & Gas Museum Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within KS. Charities of a similar size with the same main cause include Tangler American Legation Institute for Moroccan Studies ($495k), Historical Society of Quincy & Adams County Illinois ($495k) and Oceanside Theatre Company ($494k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $1.3m against liabilities of $82k, net assets of $1.3m.