Cadillac Area Oasis-Family Resource Center

Analysis

Cadillac Area Oasis-Family Resource Center is a registered charity in United States, based in Cadillac, MI. It received its IRS tax-exemption ruling in December 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2022, Cadillac Area Oasis-Family Resource Center reported income of $1.2m and spending of $1.5m, spending 120% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income grew from $1.2m to $1.2m (+5.3%), an average of +1.7% a year. The sharpest change came in the year to September 2021, when income rose by 20%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cadillac Area Oasis-Family Resource Center sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include Cadmus Life Sharing Association Inc ($1.2m), Ogemaw Commission on Aging ($1.2m) and Hunt with Heart Incorporated ($1.2m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $60k (4.1% of expenses). Other salaries and wages came to $709k. At year end it held assets of $729k against liabilities of $891k, net assets of -$162k. It reported 48 employees.

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.