Permian Basin Area Foundation
3312 Andrews Hwy, Midland, TX · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $60,538,071 | $20,523,099 | $383,039,745 |
| FY2024 | $43,674,667 | $17,002,081 | $322,415,260 |
| FY2023 | $37,299,270 | $19,940,623 | $285,089,282 |
| FY2022 | $41,134,480 | $22,816,810 | $243,611,152 |
| FY2021 | $33,055,231 | $14,051,522 | $270,720,558 |
| FY2020 | $19,415,939 | $11,847,053 | $232,571,268 |
| FY2019 | $30,792,491 | $13,988,683 | $212,962,188 |
| FY2018 | $31,668,761 | $9,588,584 | $181,893,921 |
| FY2017 | $50,799,582 | $9,859,443 | $174,001,938 |
| FY2016 | $11,055,702 | $10,196,677 | $126,751,758 |
| FY2015 | $16,830,032 | $13,001,420 | $119,375,406 |
| FY2014 | $25,610,265 | $11,995,584 | $121,922,053 |
| FY2013 | $16,879,671 | $12,029,775 | $107,956,342 |
| FY2012 | $18,651,921 | $9,006,646 | $91,846,423 |
Form 990 filings
The returns filed by Permian Basin Area Foundation (EIN 75-2295008), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $39,084,652 | 65% |
| Program service revenue | $0 | 0% |
| Other revenue | $21,453,419 | 35% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $16,751,807 | 82% |
| Management & general | $3,587,375 | 17% |
| Fundraising | $183,917 | 1% |
What the numbers show
- Contributions & grants made up 65% of total revenue in FY2025.
- Program services accounted for 82% of functional expenses, management & general 17%, and fundraising 1%.
- 82% of functional expenses went to program services in FY2025. That is higher than 21.2% of 52 Philanthropy, Voluntarism & Grantmaking Foundations organizations in TX.
- Net assets covered about 224 months of expenses at the end of the reporting year. That puts it in the 81st percentile among 4482 Philanthropy, Voluntarism & Grantmaking Foundations organizations in TX.
- Total revenue was higher than 99.5% of 4689 Philanthropy, Voluntarism & Grantmaking Foundations organizations in TX.
- Total revenue rose from $18,651,921 in FY2012 to $60,538,071 in FY2025. Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets grew from $91,846,423 to $383,039,745 between FY2012 and FY2025.
- Contributions and grants made up 72% of revenue in FY2012 and 65% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Permian Basin Area Foundation facilitates the creation of permanent charitable funds in partnership with many donors, and provides grants to address community needs and enrich the quality of life in the Permian Basin.
IRS status
| Ruling year | 1994 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T31 — Philanthropy, Voluntarism & Grantmaking Foundations (in TX) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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