Oil Information Library of Fort Worth

Analysis

Oil Information Library of Fort Worth is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 1986, 40 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 December 2023, Oil Information Library of Fort Worth reported income of $78k and spending of $95k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $97k to $78k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 115% 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 Fort Worth sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include New Orleans-Birmingham Psychoanalytic Center ($78k), PTA California Congress of Parents Teachers & Students Inc ($78k) and Robert R Decormier Memorial Fund ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 12% of the total. At year end it held assets of $360k against liabilities of $0, net assets of $360k.