Independent Petroleum Association Of America
EIN: 730296927 · Washington, DC
| Metric | Value |
|---|---|
| Total Revenue | $5.0M |
| Total Expenses | $4.9M |
| Net Assets | $3.7M |
Is Independent Petroleum Association Of America Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Independent Petroleum Association Of America
Independent Petroleum Association Of America (EIN: 730296927) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $5.0M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Petroleum Association Of America's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Petroleum Association Of America is a mid-size nonprofit that has been operating for 66 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.4M |
| Total Expenses | $4.9M |
| Surplus / Deficit | +$514K |
| Total Assets | $4.7M |
| Total Liabilities | $970K |
| Net Assets | $3.7M |
| Operating Margin | 9.4% |
| Debt-to-Asset Ratio | 20.7% |
| Months of Reserves | 11.4 months |
Financial Health Grade: A
In 2023, Independent Petroleum Association Of America reported a surplus of $514K with revenue exceeding expenses, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 20.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Independent Petroleum Association Of America's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.5% | -12.3% | +14.6% |
| 2022 | +4.8% | +0.7% | -20.7% |
| 2021 | -16.2% | -24.1% | -13.3% |
| 2020 | -38.7% | -26.0% | -39.5% |
| 2019 | -11.2% | -3.8% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1960 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Independent Petroleum Association Of America has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Independent Petroleum Association Of America with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $514K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.7%.
Frequently Asked Questions about Independent Petroleum Association Of America
Is Independent Petroleum Association Of America a legitimate charity?
Independent Petroleum Association Of America (EIN: 730296927) is a registered tax-exempt nonprofit based in Washington DC. It has 14 years of IRS 990 filings on record. Total revenue: $5.0M. No red flags identified. Financial health grade: A.
How does Independent Petroleum Association Of America spend its money?
Independent Petroleum Association Of America reported $5.0M in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Independent Petroleum Association Of America tax-deductible?
Independent Petroleum Association Of America is registered as a tax-exempt nonprofit (EIN: 730296927). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Independent Petroleum Association Of America located?
Independent Petroleum Association Of America is headquartered in Washington, Washington DC and files with the IRS under EIN 730296927.
How many years of IRS 990 filings does Independent Petroleum Association Of America have?
Independent Petroleum Association Of America has 14 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 $5.0M in total revenue.
Filing History
IRS 990 filing history for Independent Petroleum Association Of America showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Independent Petroleum Association Of America's revenue has declined by 37.5%, moving from $8.7M to $5.4M. Total assets decreased by 42% over the same period, from $8.1M to $4.7M. Total functional expenses fell by 41.9%, from $8.5M to $4.9M. In its most recent filing year (2023), Independent Petroleum Association Of America reported a surplus of $514K, with revenue exceeding expenses. The organization holds $970K in liabilities against $4.7M in assets (debt-to-asset ratio: 20.7%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.4M | $4.9M | $4.7M | $970K | — | — |
| 2022 | $4.7M | $5.6M | $4.1M | $994K | — | View 990 |
| 2021 | $4.5M | $5.6M | $5.1M | $847K | — | View 990 |
| 2020 | $5.3M | $7.4M | $5.9M | $947K | — | View 990 |
| 2019 | $8.7M | $9.9M | $9.8M | $2.9M | — | — |
| 2018 | $9.8M | $10.3M | $10.3M | $2.9M | — | View 990 |
| 2017 | $9.7M | $11.1M | $11.5M | $2.5M | — | View 990 |
| 2016 | $10.5M | $11.1M | $12.7M | $2.6M | — | View 990 |
| 2015 | $12.3M | $13.4M | $13.1M | $3.0M | — | View 990 |
| 2014 | $14.5M | $13.3M | $15.2M | $2.8M | — | View 990 |
| 2013 | $13.0M | $12.7M | $13.3M | $2.6M | — | View 990 |
| 2012 | $12.8M | $11.4M | $11.6M | $2.6M | — | View 990 |
| 2011 | $10.3M | $9.9M | $9.4M | $2.5M | — | View 990 |
| 2010 | $8.7M | $8.5M | $8.1M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.4M, expenses of $4.9M, and assets of $4.7M (revenue +16.5% year-over-year).
- 2022: Revenue of $4.7M, expenses of $5.6M, and assets of $4.1M (revenue +4.8% year-over-year).
- 2021: Revenue of $4.5M, expenses of $5.6M, and assets of $5.1M (revenue -16.2% year-over-year).
- 2020: Revenue of $5.3M, expenses of $7.4M, and assets of $5.9M (revenue -38.7% year-over-year).
- 2019: Revenue of $8.7M, expenses of $9.9M, and assets of $9.8M (revenue -11.2% year-over-year).
- 2018: Revenue of $9.8M, expenses of $10.3M, and assets of $10.3M (revenue +0.8% year-over-year).
- 2017: Revenue of $9.7M, expenses of $11.1M, and assets of $11.5M (revenue -7.5% year-over-year).
- 2016: Revenue of $10.5M, expenses of $11.1M, and assets of $12.7M (revenue -14.4% year-over-year).
- 2015: Revenue of $12.3M, expenses of $13.4M, and assets of $13.1M (revenue -15.5% year-over-year).
- 2014: Revenue of $14.5M, expenses of $13.3M, and assets of $15.2M (revenue +11.4% year-over-year).
- 2013: Revenue of $13.0M, expenses of $12.7M, and assets of $13.3M (revenue +1.9% year-over-year).
- 2012: Revenue of $12.8M, expenses of $11.4M, and assets of $11.6M (revenue +23.9% year-over-year).
- 2011: Revenue of $10.3M, expenses of $9.9M, and assets of $9.4M (revenue +18.3% year-over-year).
- 2010: Revenue of $8.7M, expenses of $8.5M, and assets of $8.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Petroleum Association Of America:
Data Sources and Methodology
This transparency report for Independent Petroleum Association Of America 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.