Deep Borehole Demonstration Center

Analysis

Deep Borehole Demonstration Center is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in January 2024, 2 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Deep Borehole Demonstration Center reported income of $132k and spending of $175k, spending 133% of what it took in. Over the whole period it spent 133% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Deep Borehole Demonstration Center sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Eastern Shores Own Inc ($132k), BW Research Foundation Inc ($132k) and Virginia Beach Maritime Museum Inc ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $72k against liabilities of $151k, net assets of -$79k.