Permian Basin Oilmans Bass Invitational Inc

Analysis

Permian Basin Oilmans Bass Invitational Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in May 2023, 3 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 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, Permian Basin Oilmans Bass Invitational Inc reported income of $220k and spending of $193k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $147k to $220k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Permian Basin Oilmans Bass Invitational Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include African Academy of Christian Leadership ($220k), United Way of Dodge City Inc ($220k) and Republic Services Employee Relief Fund ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 131% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.