Oilfield Nextgen

Analysis

Oilfield Nextgen is a registered charity in United States, based in Friendswood, TX. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Oilfield Nextgen reported income of $123k and spending of $89k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1,166 to $123k (+10440%), an average of +10440% a year. The sharpest change came in the year to December 2023, when income rose by 10440%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oilfield Nextgen sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Parent Cooperative Community ($123k), Parent Booster USA Inc ($123k) and Maroon and White Inc ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.