Oasis of Hollywood

Analysis

Oasis of Hollywood is a registered charity in United States, based in Hollywood, CA. It received its IRS tax-exemption ruling in September 1995, 31 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 Hollywood reported income of $782k and spending of $481k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $936k to $782k (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oasis of Hollywood sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Sunshine Projects Foundation Inc ($782k), Transitions for Youth ($782k) and Somervell County Committe for Aging Inc ($781k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $33k (6.8% of expenses). Other salaries and wages came to $117k. At year end it held assets of $4.2m against liabilities of $13k, net assets of $4.2m. It reported 7 employees.