American Association of Petroleum Geologists Foundation

Analysis

American Association of Petroleum Geologists Foundation is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover science and technology, 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 June 2023, American Association of Petroleum Geologists Foundation reported income of $4.5m and spending of $2.2m, leaving 50% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $4.5m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2021, when income rose by 144%. Over the whole period it spent 41% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Association of Petroleum Geologists Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within OK. Charities of a similar size with the same main cause include Detroit Jazz Festival Productions Inc ($4.5m), Foundation for the Reading Public Museum ($4.5m) and Indiana Biosciences Research Institute Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $62.4m against liabilities of $411k, net assets of $61.9m.