Louisiana Oil Properties Inc
Louisiana Oil Properties Inc. consistently reports revenues matching expenses with minimal assets and no officer compensation.
EIN: 136065177 · Newark, DE · Updated: 2026-03-28
Is Louisiana Oil Properties Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Louisiana Oil Properties Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Louisiana Oil Properties Inc
Louisiana Oil Properties Inc (EIN: 136065177) is a nonprofit organization based in Newark, DE. The organization reported total revenue of $104K and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louisiana Oil Properties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louisiana Oil Properties Inc is a small nonprofit that has been operating for 69 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $121K |
| Total Expenses | $121K |
| Surplus / Deficit | +$0 |
| Total Assets | $1K |
| Net Assets | $1K |
| Operating Margin | 0.0% |
| Months of Reserves | 0.1 months |
Financial Health Grade: B
In 2023, Louisiana Oil Properties Inc reported a surplus of $0 with revenue exceeding expenses, holds 0.1 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Louisiana Oil Properties Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +78.2% | +78.2% | +0.0% |
| 2022 | +41.0% | +41.0% | +0.0% |
| 2021 | -91.1% | -91.1% | +0.0% |
| 2020 | +400.9% | +400.9% | +0.0% |
| 2019 | -26.7% | -26.7% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Louisiana Oil Properties Inc with a Mission Score of 60 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Louisiana Oil Properties Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 surplus of $0, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating either a fully volunteer-led organization or that compensation is not reported in this section of the 990, which is unusual for an organization with varying revenue levels.
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 Louisiana Oil Properties Inc's IRS 990 filings:
- NTEE code is unknown, making it difficult to assess its mission alignment.
- Expenses exactly match revenue in every single filing, which is highly unusual for a typical nonprofit.
- Consistent minimal assets ($1,240) despite fluctuating revenues, suggesting a potential pass-through nature or lack of asset accumulation.
- Organization name 'Louisiana Oil Properties Inc.' does not immediately suggest a typical nonprofit mission.
- No officer compensation reported across all filings, which could indicate a fully volunteer board but also warrants further inquiry for an organization with significant revenue.
Strengths
The following positive indicators were identified for Louisiana Oil Properties Inc:
- Zero liabilities reported across all periods, indicating no debt.
- Consistent reporting of financial data over 13 periods, demonstrating a history of compliance with filing requirements.
Frequently Asked Questions about Louisiana Oil Properties Inc
Is Louisiana Oil Properties Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Louisiana Oil Properties Inc (EIN: 136065177) some concerns. Mission Score: 60/100. 5 red flags identified, 2 strengths noted.
How does Louisiana Oil Properties Inc spend its money?
Louisiana Oil Properties Inc directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Louisiana Oil Properties Inc tax-deductible?
Louisiana Oil Properties Inc is registered as a tax-exempt nonprofit (EIN: 136065177). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific program activities of Louisiana Oil Properties Inc.?
The IRS 990 data does not provide details on the specific program activities. The organization's name 'Louisiana Oil Properties Inc.' and the consistent revenue/expense matching without asset growth or officer compensation raise questions about its nonprofit purpose.
Why do expenses exactly match revenue in every single filing period?
The consistent exact match between revenue and expenses across all 13 filings is highly unusual and could suggest a pass-through entity, a very specific financial model, or a simplified reporting approach rather than typical nonprofit operations.
Given the name, is this organization truly a nonprofit, and what is its NTEE code?
The NTEE code is unknown, and the name 'Louisiana Oil Properties Inc.' sounds more like a for-profit entity. Without a clear NTEE code or program description, its nonprofit status and activities are unclear.
How does the organization manage to operate with only $1,240 in assets consistently?
Maintaining such a low and consistent asset base ($1,240) while processing significant revenues (e.g., $758,809 in 2014) suggests that the organization may not hold significant operational assets or that its financial structure is highly liquid and transactional.
Filing History
IRS 990 filing history for Louisiana Oil Properties Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Louisiana Oil Properties Inc's revenue has declined by 50.5%, moving from $244K to $121K. Total assets increased by 0% over the same period, from $1K to $1K. Total functional expenses fell by 50.5%, from $244K to $121K. In its most recent filing year (2023), Louisiana Oil Properties Inc reported a surplus of $0, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $121K | $121K | $1K | $0 | — | — |
| 2022 | $68K | $68K | $1K | $0 | — | View 990 |
| 2021 | $48K | $48K | $1K | $0 | — | View 990 |
| 2020 | $541K | $541K | $1K | $0 | — | View 990 |
| 2019 | $108K | $108K | $1K | $0 | — | View 990 |
| 2018 | $147K | $147K | $1K | $0 | — | View 990 |
| 2017 | $212K | $212K | $1K | $0 | — | View 990 |
| 2016 | $118K | $118K | $1K | $0 | — | View 990 |
| 2015 | $173K | $173K | $1K | $0 | — | View 990 |
| 2014 | $759K | $759K | $1K | $0 | — | View 990 |
| 2013 | $281K | $281K | $1K | $0 | — | View 990 |
| 2012 | $209K | $209K | $1K | $0 | — | View 990 |
| 2011 | $244K | $244K | $1K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $121K, expenses of $121K, and assets of $1K (revenue +78.2% year-over-year).
- 2022: Revenue of $68K, expenses of $68K, and assets of $1K (revenue +41.0% year-over-year).
- 2021: Revenue of $48K, expenses of $48K, and assets of $1K (revenue -91.1% year-over-year).
- 2020: Revenue of $541K, expenses of $541K, and assets of $1K (revenue +400.9% year-over-year).
- 2019: Revenue of $108K, expenses of $108K, and assets of $1K (revenue -26.7% year-over-year).
- 2018: Revenue of $147K, expenses of $147K, and assets of $1K (revenue -30.3% year-over-year).
- 2017: Revenue of $212K, expenses of $212K, and assets of $1K (revenue +78.7% year-over-year).
- 2016: Revenue of $118K, expenses of $118K, and assets of $1K (revenue -31.6% year-over-year).
- 2015: Revenue of $173K, expenses of $173K, and assets of $1K (revenue -77.2% year-over-year).
- 2014: Revenue of $759K, expenses of $759K, and assets of $1K (revenue +170.2% year-over-year).
- 2013: Revenue of $281K, expenses of $281K, and assets of $1K (revenue +34.1% year-over-year).
- 2012: Revenue of $209K, expenses of $209K, and assets of $1K (revenue -14.1% year-over-year).
- 2011: Revenue of $244K, expenses of $244K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louisiana Oil Properties Inc:
Data Sources and Methodology
This transparency report for Louisiana Oil Properties Inc 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.