Oasis House Inc

Analysis

Oasis House Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 House Inc reported income of $200k and spending of $347k, spending 174% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $500k to $200k (-60%), an average of -37% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oasis House Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Metro Police Christmas Charities Inc ($200k), Richard & Letitia Defillo I Care Foundation Inc ($200k) and Southern Oregon Growers Association ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $407k against liabilities of $0, net assets of $407k.