Options Unlimited Inc

Analysis

Options Unlimited Inc is a registered charity in United States, based in East Hartford, CT. It received its IRS tax-exemption ruling in March 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 June 2023, Options Unlimited Inc reported income of $6.8m and spending of $6.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $6.8m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Options Unlimited Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include Building Better Communities Foundation ($6.8m), Gaston Community Action Inc ($6.8m) and John Jay College Foundation Inc ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $119k (1.7% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $3.0m against liabilities of $2.9m, net assets of $125k. It reported 142 employees.