North Dakota Petroleum Foundation

Analysis

North Dakota Petroleum Foundation is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in September 2020, 6 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, North Dakota Petroleum Foundation reported income of $1.2m and spending of $1.3m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+8.0%), an average of +2.0% a year. The sharpest change came in the year to December 2022, when income rose by 111%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Dakota Petroleum Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within ND. Charities of a similar size with the same main cause include Kentucky Center for Economic Policy Inc ($1.2m), Maywood Fine Arts Association ($1.2m) and Pennsylvania State Assn of County Fairs ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 13% of the total. At year end it held assets of $389k against liabilities of $0, net assets of $389k.