Oasis of Hope Community Development Corp

Analysis

Oasis of Hope Community Development Corp is a registered charity in United States, based in Pompano Beach, FL. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Oasis of Hope Community Development Corp reported income of $971k and spending of $943k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $272k to $971k (+257%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 191%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oasis of Hope Community Development Corp sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Senior Housing Relief for Elders Inc ($971k), Hall-Dawson Casa Program Inc ($971k) and Generations Housing Initiatives ($971k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $101k (11% of expenses). Other salaries and wages came to $158k. At year end it held assets of $586k against liabilities of $676k, net assets of -$90k. It reported 6 employees.