Kentucky Oil & Gas Association Inc
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Kentucky Oil & Gas Association Inc is a 501(c)(6) organization based in Frankfort, Kentucky, registered in 1980, with $281,512 in FY2023 revenue. CharityIndex grades it B.
Po Box 58, Frankfort, KY, 40602 EIN 61-0246327 Since 1980
Revenue (FY2023)
$282K
▲ 15.4% vs prior year
Expenses (FY2023)
$270K
Net assets
$322K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Kentucky Oil & Gas Association Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating14 mo reserves · +4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Kentucky Oil & Gas Association Inc: 14 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Kentucky Oil & Gas Association Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Kentucky Oil & Gas Association Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $401K (FY2013) to $282K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $15KNet assets $322K
Operating margin
4.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$336K
Total liabilities
$15K
Net assets
$322K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $281,512▲15.4% | $269,938▲30.9% | $321,821▲3.7% | $336,402▲6.3% | 990 |
| 2022 | $243,957▲9.5% | $206,172▲4.6% | $310,247▲13.9% | $316,433▲13.4% | 990 |
| 2021 | $222,880▲29.3% | $197,091▼4.0% | $272,462▲10.5% | $279,145▲12.5% | 990 |
| 2020 | $172,378▼44.8% | $205,388▼23.1% | $246,674▼11.8% | $248,085▼11.9% | 990 |
| 2019 | $312,561▲11.8% | $267,111▼9.1% | $279,684▲19.4% | $281,544▲19.3% | 990 |
| 2018 | $279,621▼7.8% | $293,816▲3.6% | $234,234▼5.7% | $235,908▼6.3% | 990 |
| 2017 | $303,123▼7.3% | $283,672▲3.8% | $248,428▲8.5% | $251,890▲8.2% | 990 |
| 2016 | $326,915▼21.4% | $273,213▼32.5% | $228,977▲30.6% | $232,746▲17.9% | 990 |
| 2015 | $416,072▼11.2% | $404,532▼2.2% | $175,275▲7.0% | $197,407▼2.5% | 990 |
| 2014 | $468,399▲16.8% | $413,702▲5.2% | $163,735▲50.1% | $202,366▲71.4% | 990 |
| 2013 | $401,193 | $393,277▲9.1% | $109,095▲47.9% | $118,100▼1.9% | 990 |
| 2011 | — | $360,478▼10.5% | $73,738▲92.3% | $120,369▲19.4% | 990 |
| 2010 | — | $402,785 | $38,337 | $100,835 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Kentucky Oil & Gas Association Inc a legitimate nonprofit?
- Yes. Kentucky Oil & Gas Association Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 61-0246327, based in Frankfort, Kentucky.
- What is Kentucky Oil & Gas Association Inc's EIN?
- Kentucky Oil & Gas Association Inc's Employer Identification Number (EIN) is 61-0246327.
- How much revenue does Kentucky Oil & Gas Association Inc report?
- Kentucky Oil & Gas Association Inc reported $281,512 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Kentucky Oil & Gas Association Inc have?
- CharityIndex grades Kentucky Oil & Gas Association Inc B, based on financial health (reserves and operating margin).
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Data for Kentucky Oil & Gas Association Inc (EIN 61-0246327) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.