Oasis of Hope Center

Analysis

Oasis of Hope Center is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oasis of Hope Center reported income of $543k and spending of $534k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $663k to $543k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oasis of Hope Center sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Family and Youth Initiatives ($543k), Society of St Vincent de Paul Lapine or ($543k) and Pride Center San Antonio ($543k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $156k. At year end it held assets of $275k against liabilities of $2,587, net assets of $272k. It reported 5 employees.