Oasis Appliance Inc

Organization Overview

Oasis Appliance Inc is located in Memphis, TN. The organization was established in 2010. According to its NTEE Classification (X03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Oasis Appliance Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oasis Appliance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Oasis Appliance Inc generated $94.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $123.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING CHRISTIAN MINISTRY, PRIMARILY IN NORTH MEMPHIS TN, BY ASSISTING LOW INCOME PERSONS TO PURCHASE NEEDED FURNITURE AND APPLIANCES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE QUALITY PRE-OWNED APPLIANCES AT SIGNIFICANTLY REDUCED PRICES FOR RESIDENTS OF LOW-INCOME NEIGHBORHOODS.


PROVIDE QUALITY PRE-OWNED APPLIANCES AT SIGNIFICANTLY REDUCED PRICES FOR RESIDENTS OF LOW-INCOME NEIGHBORHOODS.


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Board, Officers & Key Employees

Name (title)Compensation
Dana Driver
Secretary
$0
Robert Hyde III
Treasurer
$0
Eli Morris
Board Chairm
$0
Joy Marseille
Executive Di
$0
Henry Bishop
Board Member
$0
Jackie Bass
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$570
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$570
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $93,671
Miscellaneous Revenue$0
Total Revenue $94,241

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