Oil Information Library of Wichita Falls

Analysis

Oil Information Library of Wichita Falls is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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 April 2024, Oil Information Library of Wichita Falls reported income of $264k and spending of $216k, spending 82% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $223k to $264k (+18%), an average of +4.3% a year. The sharpest change came in the year to April 2024, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oil Information Library of Wichita Falls sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Catholic Kolping Society of America ($264k), San Diego County Dental Foundation ($264k) and Mediation Center of Kentucky Inc ($264k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 7.2% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $64k (30% of expenses). Other salaries and wages came to $71k. At year end it held assets of $355k against liabilities of $3,014, net assets of $352k. It reported 3 employees.