West Texas Geology Foundation

Analysis

West Texas Geology Foundation is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in October 1988, 38 years ago. 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 December 2023, West Texas Geology Foundation reported income of $99k and spending of $73k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $180k to $99k (-45%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Texas Geology Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within TX. Charities of a similar size with the same main cause include PTA Colorado Congress ($99k), Christians United in Beaver County ($99k) and Goschenhoppen Historians Inc ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.