Community Resources Oil & Gas Inc

Analysis

Community Resources Oil & Gas Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community Resources Oil & Gas Inc reported income of $876k and spending of $964k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $400k to $876k (+119%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 199%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Resources Oil & Gas Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OK. Charities of a similar size with the same main cause include United We Care Fund ($876k), Evans Memorial Foundation Inc ($876k) and When the Saints ($875k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% of the total. At year end it held assets of $3.0m against liabilities of $7,742, net assets of $3.0m.