Luling Area Oil Museum Inc

Analysis

Luling Area Oil Museum Inc is a registered charity in United States, based in Luling, TX. It received its IRS tax-exemption ruling in April 1989, 37 years ago. 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 March 2024, Luling Area Oil Museum Inc reported income of $200k and spending of $57k, leaving 72% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $118k to $200k (+70%), an average of +14% a year. The sharpest change came in the year to March 2022, when income rose by 176%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Luling Area Oil Museum Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include West Side Benevolent Circle Inc ($200k), Little League Baseball Inc ($200k) and Alternative Care Services of Wny Inc ($200k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 29% of the total. Compensation of current officers, directors and key employees was $15k (26% of expenses). At year end it held assets of $1.2m against liabilities of $12k, net assets of $1.2m.