Exxonmobil Foundation
Exxonmobil Foundation's assets decline by over 60% since 2015 amidst consistent operating deficits.
EIN: 136082357 · Spring, TX · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $29.9M |
| Program Spending | 90% |
| Net Assets | $93.9M |
| Transparency Score | 65/100 |
Is Exxonmobil Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Exxonmobil Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Exxonmobil Foundation
Exxonmobil Foundation (EIN: 136082357) is a nonprofit organization based in Spring, TX. The organization reported total revenue of $4.7M and total assets of $78.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Exxonmobil Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Exxonmobil Foundation is a mid-size nonprofit that has been operating for 69 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -18.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $29.9M |
| Surplus / Deficit | $-23,880,127 |
| Total Assets | $108.5M |
| Total Liabilities | $14.6M |
| Net Assets | $93.9M |
| Operating Margin | -395.4% |
| Debt-to-Asset Ratio | 13.5% |
| Months of Reserves | 43.5 months |
Financial Health Grade: B
In 2023, Exxonmobil Foundation reported a deficit of $23.9M with expenses exceeding revenue, holds 43.5 months of operating reserves (strong position), has a debt-to-asset ratio of 13.5% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Exxonmobil Foundation's revenue has declined at a compound annual growth rate (CAGR) of -18.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +256.1% | +4.1% | -17.2% |
| 2021 | -125.7% | -38.5% | -14.5% |
| 2020 | -69.9% | -28.4% | -18.9% |
| 2019 | -83.1% | -36.9% | -22.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1280 |
| IRS Ruling Date | 1957 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Exxonmobil Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Exxonmobil Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.5%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly efficient and transparent for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Exxonmobil Foundation's IRS 990 filings:
- Consistent operating deficits, with expenses significantly exceeding revenue in multiple periods (e.g., 2023: Revenue $6M, Expenses $29.9M).
- Significant decline in total assets from $287,691,300 in 2015 to $108,506,578 in 2023.
- Negative revenue reported in 2021 ($-4,079,616), which is unusual and requires further explanation.
- High expense levels relative to current revenue, indicating reliance on past accumulated assets.
Strengths
The following positive indicators were identified for Exxonmobil Foundation:
- 0% officer compensation reported across all filings, indicating high efficiency in executive pay.
- Substantial asset base, despite recent declines, still provides significant resources for philanthropic activities ($108,506,578 in 2023).
Frequently Asked Questions about Exxonmobil Foundation
Is Exxonmobil Foundation a legitimate charity?
Exxonmobil Foundation (EIN: 136082357) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.7M. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Exxonmobil Foundation spend its money?
Exxonmobil Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Exxonmobil Foundation tax-deductible?
Exxonmobil Foundation is registered as a tax-exempt nonprofit (EIN: 136082357). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Exxonmobil Foundation located?
Exxonmobil Foundation is headquartered in Spring, Texas and files with the IRS under EIN 136082357.
How many years of IRS 990 filings does Exxonmobil Foundation have?
Exxonmobil Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.7M in total revenue.
Is the Exxonmobil Foundation financially sustainable given its consistent operating deficits?
The foundation has consistently spent more than its revenue, drawing down its assets from $287,691,300 in 2015 to $108,506,578 in 2023. This trend raises concerns about long-term financial sustainability without a clear strategy for revenue generation or asset management.
What is the source of the significant revenue fluctuations, including negative revenue in 2021?
Revenue has fluctuated wildly, from $311,120,395 in 2015 to a negative $-4,079,616 in 2021. Understanding the nature of these revenue streams (e.g., investment returns, contributions from ExxonMobil Corporation) is crucial to assessing financial stability.
How does the foundation plan to address the ongoing decline in its asset base?
With assets decreasing by over $179 million since 2015, the foundation needs a clear strategy to either increase revenue, reduce expenses, or manage its endowment drawdown to ensure its future philanthropic capacity.
Filing History
IRS 990 filing history for Exxonmobil Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Exxonmobil Foundation's revenue has declined by 91.7%, moving from $72.4M to $6.0M. Total assets increased by 60.7% over the same period, from $67.5M to $108.5M. Total functional expenses fell by 61.7%, from $78.1M to $29.9M. In its most recent filing year (2023), Exxonmobil Foundation reported a deficit of $23.9M, with expenses exceeding revenue. The organization holds $14.6M in liabilities against $108.5M in assets (debt-to-asset ratio: 13.5%), resulting in net assets of $93.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $29.9M | $108.5M | $14.6M | — | — |
| 2022 | $1.7M | $28.8M | $131.0M | $12.7M | — | — |
| 2021 | $-4,079,616 | $21.2M | $154.6M | $9.3M | — | View 990 |
| 2020 | $15.8M | $34.5M | $180.8M | $10.3M | — | — |
| 2019 | $52.6M | $48.2M | $223.0M | $33.9M | — | View 990 |
| 2015 | $311.1M | $76.4M | $287.7M | $36.2M | — | View 990 |
| 2014 | $28.8M | $77.0M | $53.6M | $36.4M | — | View 990 |
| 2013 | $122.6M | $75.1M | $106.0M | $34.4M | — | View 990 |
| 2012 | $65.3M | $73.7M | $52.2M | $28.0M | — | View 990 |
| 2011 | $72.4M | $78.1M | $67.5M | $32.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $29.9M, and assets of $108.5M (revenue +256.1% year-over-year).
- 2022: Revenue of $1.7M, expenses of $28.8M, and assets of $131.0M.
- 2021: Revenue of $-4,079,616, expenses of $21.2M, and assets of $154.6M (revenue -125.7% year-over-year).
- 2020: Revenue of $15.8M, expenses of $34.5M, and assets of $180.8M (revenue -69.9% year-over-year).
- 2019: Revenue of $52.6M, expenses of $48.2M, and assets of $223.0M (revenue -83.1% year-over-year).
- 2015: Revenue of $311.1M, expenses of $76.4M, and assets of $287.7M (revenue +980.5% year-over-year).
- 2014: Revenue of $28.8M, expenses of $77.0M, and assets of $53.6M (revenue -76.5% year-over-year).
- 2013: Revenue of $122.6M, expenses of $75.1M, and assets of $106.0M (revenue +87.8% year-over-year).
- 2012: Revenue of $65.3M, expenses of $73.7M, and assets of $52.2M (revenue -9.8% year-over-year).
- 2011: Revenue of $72.4M, expenses of $78.1M, and assets of $67.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Exxonmobil Foundation:
Data Sources and Methodology
This transparency report for Exxonmobil Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.