Oasis Ministry
EIN: 562256412 · Charlotte, NC · NTEE: X21
| Metric | Value |
|---|---|
| Total Revenue | $555K |
| Total Expenses | $286K |
| Net Assets | $108K |
Is Oasis Ministry Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Oasis Ministry
Oasis Ministry (EIN: 562256412) is a nonprofit organization based in Charlotte, NC, classified under NTEE code X21. The organization reported total revenue of $555K and total assets of $431K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oasis Ministry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oasis Ministry is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $263K |
| Total Expenses | $286K |
| Surplus / Deficit | $-22,632 |
| Total Assets | $132K |
| Total Liabilities | $24K |
| Net Assets | $108K |
| Operating Margin | -8.6% |
| Debt-to-Asset Ratio | 18.1% |
| Months of Reserves | 5.5 months |
Financial Health Grade: B
In 2023, Oasis Ministry reported a deficit of $23K with expenses exceeding revenue, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 18.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Oasis Ministry's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.0% | +16.6% | -15.8% |
| 2022 | +13.3% | -4.3% | +4.2% |
| 2021 | +22.2% | +37.0% | -13.7% |
| 2020 | -42.3% | -27.7% | -4.9% |
| 2019 | +36.7% | -9.7% | +50.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7200 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Oasis Ministry has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Oasis Ministry with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.1%.
Frequently Asked Questions about Oasis Ministry
Is Oasis Ministry a legitimate charity?
Oasis Ministry (EIN: 562256412) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $555K. No red flags identified. Financial health grade: B.
How does Oasis Ministry spend its money?
Oasis Ministry reported $555K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Oasis Ministry tax-deductible?
Oasis Ministry is registered as a tax-exempt nonprofit (EIN: 562256412). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Oasis Ministry located?
Oasis Ministry is headquartered in Charlotte, North Carolina and files with the IRS under EIN 562256412. It is classified under NTEE code X21.
How many years of IRS 990 filings does Oasis Ministry have?
Oasis Ministry has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $555K in total revenue.
Filing History
IRS 990 filing history for Oasis Ministry showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Oasis Ministry's revenue has declined by 14.4%, moving from $307K to $263K. Total assets increased by 45.8% over the same period, from $90K to $132K. Total functional expenses rose by 0.1%, from $285K to $286K. In its most recent filing year (2023), Oasis Ministry reported a deficit of $23K, with expenses exceeding revenue. The organization holds $24K in liabilities against $132K in assets (debt-to-asset ratio: 18.1%), resulting in net assets of $108K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $263K | $286K | $132K | $24K | — | — |
| 2022 | $255K | $245K | $156K | $26K | — | View 990 |
| 2021 | $225K | $256K | $150K | $30K | — | View 990 |
| 2020 | $184K | $187K | $174K | $23K | — | View 990 |
| 2019 | $320K | $259K | $183K | $30K | — | View 990 |
| 2018 | $234K | $286K | $122K | $0 | — | View 990 |
| 2017 | $285K | $270K | $174K | $0 | — | View 990 |
| 2016 | $373K | $331K | $158K | $0 | — | View 990 |
| 2015 | $341K | $311K | $116K | $699 | — | View 990 |
| 2014 | $352K | $382K | $87K | $871 | — | View 990 |
| 2013 | $325K | $297K | $116K | $341 | — | View 990 |
| 2012 | $290K | $292K | $89K | $516 | — | View 990 |
| 2011 | $307K | $285K | $90K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $263K, expenses of $286K, and assets of $132K (revenue +3.0% year-over-year).
- 2022: Revenue of $255K, expenses of $245K, and assets of $156K (revenue +13.3% year-over-year).
- 2021: Revenue of $225K, expenses of $256K, and assets of $150K (revenue +22.2% year-over-year).
- 2020: Revenue of $184K, expenses of $187K, and assets of $174K (revenue -42.3% year-over-year).
- 2019: Revenue of $320K, expenses of $259K, and assets of $183K (revenue +36.7% year-over-year).
- 2018: Revenue of $234K, expenses of $286K, and assets of $122K (revenue -18.0% year-over-year).
- 2017: Revenue of $285K, expenses of $270K, and assets of $174K (revenue -23.6% year-over-year).
- 2016: Revenue of $373K, expenses of $331K, and assets of $158K (revenue +9.5% year-over-year).
- 2015: Revenue of $341K, expenses of $311K, and assets of $116K (revenue -3.2% year-over-year).
- 2014: Revenue of $352K, expenses of $382K, and assets of $87K (revenue +8.6% year-over-year).
- 2013: Revenue of $325K, expenses of $297K, and assets of $116K (revenue +11.8% year-over-year).
- 2012: Revenue of $290K, expenses of $292K, and assets of $89K (revenue -5.6% year-over-year).
- 2011: Revenue of $307K, expenses of $285K, and assets of $90K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oasis Ministry:
Data Sources and Methodology
This transparency report for Oasis Ministry is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.