Islamic Oasis Center Co

Analysis

Islamic Oasis Center Co is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Islamic Oasis Center Co reported income of $6.0m and spending of $4.0m, leaving 34% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $600k to $6.0m (+907%), an average of +59% a year. The sharpest change came in the year to December 2021, when income rose by 241%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic Oasis Center Co sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Haven Foundation ($6.0m), Laity Lodge Foundation ($6.1m) and The Methodist Foundation for Arkansas ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $44k (1.1% of expenses). Other salaries and wages came to $93k. At year end it held assets of $5.7m against liabilities of $0, net assets of $5.7m.