Oasis of Hope Inc

Analysis

Oasis of Hope Inc is a registered charity in United States, based in Piedmont, SC. It received its IRS tax-exemption ruling in January 2023, 3 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 December 2023, Oasis of Hope Inc reported income of $1.4m and spending of $1.4m, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $726k to $1.4m (+95%), an average of +95% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oasis of Hope Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include Pine Forest Inc ($1.4m), Building Healthy Families ($1.4m) and Project Horizon Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $85k (6.1% of expenses). Other salaries and wages came to $456k. At year end it held assets of $8,051 against liabilities of $106k, net assets of -$98k. It reported 18 employees.