Kansas Oil And Gas Resources Fundinc
EIN: 260750621 · Wichita, KS · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $945K |
| Total Expenses | $1.3M |
| Net Assets | $1.2M |
Is Kansas Oil And Gas Resources Fundinc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kansas Oil And Gas Resources Fundinc
Kansas Oil And Gas Resources Fundinc (EIN: 260750621) is a nonprofit organization based in Wichita, KS, classified under NTEE code S41. The organization reported total revenue of $945K and total assets of $874K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kansas Oil And Gas Resources Fundinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kansas Oil And Gas Resources Fundinc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-259,527 |
| Total Assets | $1.2M |
| Total Liabilities | $14K |
| Net Assets | $1.2M |
| Operating Margin | -25.1% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 11.0 months |
Financial Health Grade: B
In 2023, Kansas Oil And Gas Resources Fundinc reported a deficit of $260K with expenses exceeding revenue, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kansas Oil And Gas Resources Fundinc's revenue has declined at a compound annual growth rate (CAGR) of -5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.3% | +9.0% | -17.5% |
| 2022 | +58.2% | +35.3% | +15.2% |
| 2021 | +55.0% | +0.6% | +0.4% |
| 2020 | -34.8% | -30.7% | -20.0% |
| 2019 | -20.9% | +18.1% | -20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kansas Oil And Gas Resources Fundinc 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 Kansas Oil And Gas Resources Fundinc 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 deficit of $260K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.2%.
Frequently Asked Questions about Kansas Oil And Gas Resources Fundinc
Is Kansas Oil And Gas Resources Fundinc a legitimate charity?
Kansas Oil And Gas Resources Fundinc (EIN: 260750621) is a registered tax-exempt nonprofit based in Kansas. It has 13 years of IRS 990 filings on record. Total revenue: $945K. No red flags identified. Financial health grade: B.
How does Kansas Oil And Gas Resources Fundinc spend its money?
Kansas Oil And Gas Resources Fundinc reported $945K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Kansas Oil And Gas Resources Fundinc tax-deductible?
Kansas Oil And Gas Resources Fundinc is registered as a tax-exempt nonprofit (EIN: 260750621). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kansas Oil And Gas Resources Fundinc located?
Kansas Oil And Gas Resources Fundinc is headquartered in Wichita, Kansas and files with the IRS under EIN 260750621. It is classified under NTEE code S41.
How many years of IRS 990 filings does Kansas Oil And Gas Resources Fundinc have?
Kansas Oil And Gas Resources Fundinc has 13 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 $945K in total revenue.
Filing History
IRS 990 filing history for Kansas Oil And Gas Resources Fundinc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kansas Oil And Gas Resources Fundinc's revenue has declined by 50.1%, moving from $2.1M to $1.0M. Total assets decreased by 13.1% over the same period, from $1.4M to $1.2M. Total functional expenses fell by 54.4%, from $2.8M to $1.3M. In its most recent filing year (2023), Kansas Oil And Gas Resources Fundinc reported a deficit of $260K, with expenses exceeding revenue. The organization holds $14K in liabilities against $1.2M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.3M | $1.2M | $14K | — | — |
| 2022 | $1.4M | $1.2M | $1.4M | $7K | — | — |
| 2021 | $876K | $878K | $1.3M | $15K | — | View 990 |
| 2020 | $565K | $873K | $1.2M | $8K | — | — |
| 2019 | $866K | $1.3M | $1.6M | $11K | — | View 990 |
| 2018 | $1.1M | $1.1M | $2.0M | $16K | — | View 990 |
| 2017 | $933K | $800K | $1.9M | $5K | — | — |
| 2016 | $767K | $760K | $1.8M | $1K | — | View 990 |
| 2015 | $1.1M | $1.2M | $1.8M | $5K | — | View 990 |
| 2014 | $2.2M | $2.4M | $1.9M | $5K | — | View 990 |
| 2013 | $2.1M | $1.6M | $2.1M | $3K | — | View 990 |
| 2012 | $1.9M | $1.8M | $1.5M | $1K | — | View 990 |
| 2011 | $2.1M | $2.8M | $1.4M | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.3M, and assets of $1.2M (revenue -25.3% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.2M, and assets of $1.4M (revenue +58.2% year-over-year).
- 2021: Revenue of $876K, expenses of $878K, and assets of $1.3M (revenue +55.0% year-over-year).
- 2020: Revenue of $565K, expenses of $873K, and assets of $1.2M (revenue -34.8% year-over-year).
- 2019: Revenue of $866K, expenses of $1.3M, and assets of $1.6M (revenue -20.9% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $2.0M (revenue +17.5% year-over-year).
- 2017: Revenue of $933K, expenses of $800K, and assets of $1.9M (revenue +21.6% year-over-year).
- 2016: Revenue of $767K, expenses of $760K, and assets of $1.8M (revenue -31.5% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.2M, and assets of $1.8M (revenue -48.2% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.4M, and assets of $1.9M (revenue +3.5% year-over-year).
- 2013: Revenue of $2.1M, expenses of $1.6M, and assets of $2.1M (revenue +7.1% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.8M, and assets of $1.5M (revenue -6.1% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.8M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kansas Oil And Gas Resources Fundinc:
Data Sources and Methodology
This transparency report for Kansas Oil And Gas Resources Fundinc 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.