Proyecto Oasis de Amor Inc

Analysis

Proyecto Oasis de Amor Inc is a registered charity in United States, based in Bayamon, PR. It received its IRS tax-exemption ruling in July 1993, 33 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 June 2023, Proyecto Oasis de Amor Inc reported income of $175k and spending of $236k, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $292k to $175k (-40%), an average of -12% a year. The sharpest change came in the year to June 2021, when income dropped by 32%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Proyecto Oasis de Amor Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 35th percentile within PR. Charities of a similar size with the same main cause include Byron Basketball Association Inc ($175k), Lenoir Soup Kitchen Inc ($175k) and Lawrence County Cancer Patient Services ($175k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $114k. At year end it held assets of $471k against liabilities of $163k, net assets of $308k. It reported 4 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.