Village at Oasis Park - Phase I Inc

Analysis

Village at Oasis Park - Phase I Inc is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Village at Oasis Park - Phase I Inc reported income of $142k and spending of $216k, spending 153% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $97k to $142k (+46%), an average of +10% a year. The sharpest change came in the year to September 2023, when income rose by 38%. Over the whole period it spent 174% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Village at Oasis Park - Phase I Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within AZ. Charities of a similar size with the same main cause include The Transformation Project ($142k), Amys Crossing ($142k) and Russo Street Apartments Inc ($141k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.3m against liabilities of $210k, net assets of $2.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.