Friends of Oasis

Analysis

Friends of Oasis is a registered charity in United States, based in Corona DL Mar, CA. It received its IRS tax-exemption ruling in May 1978, 48 years ago. 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, Friends of Oasis reported income of $828k and spending of $673k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $667k to $828k (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2023, when income rose by 66%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Oasis sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include USA Swimming Inc ($827k), Upturn Inc ($828k) and Heartside Non-Profit Housing Corporation ($827k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 23% of the total. Other salaries and wages came to $110k. At year end it held assets of $1.8m against liabilities of $43k, net assets of $1.8m. It reported 2 employees.