Oklahoma Well Log Library Inc

Analysis

Oklahoma Well Log Library Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in February 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Oklahoma Well Log Library Inc reported income of $165k and spending of $137k, spending 83% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $242k to $165k (-32%), an average of -9.1% a year. The sharpest change came in the year to March 2021, when income dropped by 30%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oklahoma Well Log Library 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 49th percentile, and in the 50th percentile within OK. Charities of a similar size with the same main cause include Kollel Beer Miriam Inc ($165k), Friends of the Ann Arbor Public Library ($165k) and Destined for Destiny Womens Institute Inc ($165k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 96% of the total. Other salaries and wages came to $31k. At year end it held assets of $373k against liabilities of $6,320, net assets of $367k. It reported 2 employees.