Oil Patch Kids

Analysis

Oil Patch Kids is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in December 2023, 3 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Oil Patch Kids reported income of $305k and spending of $229k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $460k to $305k (-34%), an average of -9.7% a year. The sharpest change came in the year to December 2023, when income rose by 342%. Over the whole period it spent 83% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Oil Patch Kids sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Juju Foundation Inc ($305k), Extreme Kids and Crew Inc ($306k) and Drawbridge an Arts Program for Homeless Children ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $173k against liabilities of $0, net assets of $173k.