Society of Petrophysicists and Well Log Analysts Foundation Inc

Analysis

Society of Petrophysicists and Well Log Analysts Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 1986, 40 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Society of Petrophysicists and Well Log Analysts Foundation Inc reported income of $63k and spending of $83k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $52k to $63k (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 554%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of Petrophysicists and Well Log Analysts Foundation Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include Operation Activet Incorporated ($63k), Starfish Assignment ($63k) and South Lyon Area Youth Assistance ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.1% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.