Petroleum County Community Center

Analysis

Petroleum County Community Center is a registered charity in United States, based in Winnett, MT. It received its IRS tax-exemption ruling in March 2020, 6 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, Petroleum County Community Center reported income of $526k and spending of $298k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $526k (+227%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 3619%. Over the whole period it spent 4.4% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Petroleum County Community Center 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 71st percentile, and in the 72nd percentile within MT. Charities of a similar size with the same main cause include Minnesota Black Chamber of Commerce Incorporated ($526k), Platte Community Development Corporation ($526k) and Puyallup Main Street Association ($526k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 4.1% of the total. Other salaries and wages came to $49k. At year end it held assets of $9.1m against liabilities of $2,761, net assets of $9.1m. It reported 3 employees.