Houma Oilmans Fishing Invitational

Analysis

Houma Oilmans Fishing Invitational is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in October 1996, 30 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 October 2023, Houma Oilmans Fishing Invitational reported income of $366k and spending of $270k, leaving 26% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income fell from $370k to $366k (-1.0%), an average of -0.3% a year. The sharpest change came in the year to October 2023, when income rose by 18202%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Houma Oilmans Fishing Invitational sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within LA. Charities of a similar size with the same main cause include Dress for Success Northwest Arkansas ($366k), Signal Farms Foundation Inc ($366k) and Multiple Choices Center for Independent Living Inc ($366k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 61% of the total. At year end it held assets of $110k against liabilities of $0, net assets of $110k.