Destination Oilmens Golf Invitational

Analysis

Destination Oilmens Golf Invitational is a registered charity in United States, based in Spring Branch, TX. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Destination Oilmens Golf Invitational reported income of $447k and spending of $421k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $294k to $447k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Destination Oilmens Golf Invitational sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Junior League of Daytona Beach Inc ($446k), Collaborative for Health Arts and Civic Transformation ($447k) and Jobs of Hope Inc ($446k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.