Oasis of Kingsport

Analysis

Oasis of Kingsport is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Kingsport reported income of $71k and spending of $135k, spending 191% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $71k (+8.0%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 511%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oasis of Kingsport sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within TN. Charities of a similar size with the same main cause include Chosen Few Arts Council ($71k), Utah Museum of Fire Service History and Firefighter Memorial Foundatio ($71k) and A Sentimental Journey ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $49k. At year end it held assets of $355k against liabilities of $967, net assets of $354k. It reported 2 employees.