Owensboro Area Shelter Information and Services Inc Oasis

Analysis

Owensboro Area Shelter Information and Services Inc Oasis is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in September 1982, 44 years ago. 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 June 2023, Owensboro Area Shelter Information and Services Inc Oasis reported income of $3.0m and spending of $2.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $3.0m (+66%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Owensboro Area Shelter Information and Services Inc Oasis sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Neighbor to Neighbor Inc ($3.0m), Conservation Resource Alliance ($3.0m) and Greater Richmond Partnership Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $83k (2.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.4m against liabilities of $1.3m, net assets of $2.1m. It reported 57 employees.