Oilfield Connections International

Analysis

Oilfield Connections International is a registered charity in United States, based in Sealy, TX. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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 April 2024, Oilfield Connections International reported income of $80k and spending of $63k, leaving 21% of income unspent that year. Across the 4 years on record, from April 2021 to April 2024, income fell from $224k to $80k (-64%), an average of -29% a year. The sharpest change came in the year to April 2023, when income dropped by 47%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oilfield Connections International sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within TX. Charities of a similar size with the same main cause include American Society of Civil Engineers ($80k), Baromedical Research Institute Ltd ($80k) and Chamber Music Society of Salt Lake City Inc ($80k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.