Oasis Health Network Inc

Analysis

Oasis Health Network Inc is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Oasis Health Network Inc reported income of $982k and spending of $885k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $397k to $982k (+148%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oasis Health Network Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within ME. Charities of a similar size with the same main cause include Community Health Services of Union County ($982k), Project Lyme ($982k) and Ronald McDonald House of Danville Inc ($982k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $115k (13% of expenses). Other salaries and wages came to $470k. At year end it held assets of $1.2m against liabilities of $516k, net assets of $711k.