Oasis Therapeutic Life Centers Inc

Analysis

Oasis Therapeutic Life Centers Inc is a registered charity in United States, based in Middletown, NJ. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Oasis Therapeutic Life Centers Inc reported income of $2.5m and spending of $1.2m, leaving 53% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.1m to $2.5m (+134%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oasis Therapeutic Life Centers Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include US Sciences Po Foundation ($2.5m), Lil Inc ($2.5m) and Friends of Hancock Park School ($2.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 20% and program service revenue 28% of the total. Other salaries and wages came to $727k. At year end it held assets of $5.3m against liabilities of $386k, net assets of $4.9m. It reported 17 employees.