Petroleum Accountants Society Of Mississippi
EIN: 821810601 · Madison, MS · NTEE: S40
| Metric | Value |
|---|---|
| Total Revenue | $17K |
| Total Expenses | $14K |
| Net Assets | $33K |
Is Petroleum Accountants Society Of Mississippi Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Petroleum Accountants Society Of Mississippi
Petroleum Accountants Society Of Mississippi (EIN: 821810601) is a nonprofit organization based in Madison, MS, classified under NTEE code S40. The organization reported total revenue of $17K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Petroleum Accountants Society Of Mississippi's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Petroleum Accountants Society Of Mississippi is a micro nonprofit that has been operating for 8 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15K |
| Total Expenses | $14K |
| Surplus / Deficit | +$656 |
| Total Assets | $33K |
| Net Assets | $33K |
| Operating Margin | 4.4% |
| Months of Reserves | 27.7 months |
Financial Health Grade: A
In 2023, Petroleum Accountants Society Of Mississippi reported a surplus of $656 with revenue exceeding expenses, holds 27.7 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), Petroleum Accountants Society Of Mississippi's revenue has declined at a compound annual growth rate (CAGR) of -5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +132.8% | +105.5% | +2.0% |
| 2022 | -6.5% | +30.6% | -1.6% |
| 2021 | -59.4% | -40.5% | +4.9% |
| 2020 | -90.3% | -94.9% | +34.1% |
| 2019 | +634.4% | +886.6% | -6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Petroleum Accountants Society Of Mississippi 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 Petroleum Accountants Society Of Mississippi 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 $656, with revenue exceeding expenses.
Frequently Asked Questions about Petroleum Accountants Society Of Mississippi
Is Petroleum Accountants Society Of Mississippi a legitimate charity?
Based on AI analysis of IRS 990 filings, Petroleum Accountants Society Of Mississippi (EIN: 821810601) insufficient data. 0 red flags identified, 0 strengths noted.
How does Petroleum Accountants Society Of Mississippi spend its money?
Detailed spending breakdown data is not yet available for Petroleum Accountants Society Of Mississippi. Check back for updated IRS 990 analysis.
Are donations to Petroleum Accountants Society Of Mississippi tax-deductible?
Petroleum Accountants Society Of Mississippi is registered as a tax-exempt nonprofit (EIN: 821810601). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Petroleum Accountants Society Of Mississippi located?
Petroleum Accountants Society Of Mississippi is headquartered in Madison, Mississippi and files with the IRS under EIN 821810601. It is classified under NTEE code S40.
How many years of IRS 990 filings does Petroleum Accountants Society Of Mississippi have?
Petroleum Accountants Society Of Mississippi has 7 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 $17K in total revenue.
Filing History
IRS 990 filing history for Petroleum Accountants Society Of Mississippi showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Petroleum Accountants Society Of Mississippi's revenue has declined by 28.3%, moving from $21K to $15K. Total assets increased by 73.8% over the same period, from $19K to $33K. Total functional expenses rose by 671.8%, from $2K to $14K. In its most recent filing year (2023), Petroleum Accountants Society Of Mississippi reported a surplus of $656, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15K | $14K | $33K | $0 | — | — |
| 2022 | $6K | $7K | $32K | $0 | — | — |
| 2021 | $7K | $5K | $33K | $0 | — | — |
| 2020 | $17K | $9K | $31K | $0 | — | — |
| 2019 | $176K | $177K | $23K | $0 | — | View 990 |
| 2018 | $24K | $18K | $25K | $0 | — | View 990 |
| 2017 | $21K | $2K | $19K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15K, expenses of $14K, and assets of $33K (revenue +132.8% year-over-year).
- 2022: Revenue of $6K, expenses of $7K, and assets of $32K (revenue -6.5% year-over-year).
- 2021: Revenue of $7K, expenses of $5K, and assets of $33K (revenue -59.4% year-over-year).
- 2020: Revenue of $17K, expenses of $9K, and assets of $31K (revenue -90.3% year-over-year).
- 2019: Revenue of $176K, expenses of $177K, and assets of $23K (revenue +634.4% year-over-year).
- 2018: Revenue of $24K, expenses of $18K, and assets of $25K (revenue +14.3% year-over-year).
- 2017: Revenue of $21K, expenses of $2K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Petroleum Accountants Society Of Mississippi:
Data Sources and Methodology
This transparency report for Petroleum Accountants Society Of Mississippi 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.