Oasis of Hope

Analysis

Oasis of Hope is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 February 2024, Oasis of Hope reported income of $871k and spending of $873k, spending 100% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $754k to $871k (+15%), an average of +3.7% a year. The sharpest change came in the year to February 2024, when income rose by 41%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Oasis of Hope sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Oklahoma Islamic Academy LLC ($871k), Jesus Youth ($872k) and Abba International Church Inc ($871k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $77k (8.8% of expenses). Other salaries and wages came to $376k. At year end it held assets of $3.9m against liabilities of $98k, net assets of $3.8m. It reported 13 employees.