Optimists Inc

Analysis

Optimists Inc is a registered charity in United States, based in Woodside, NY. It received its IRS tax-exemption ruling in July 2002, 24 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, Optimists Inc reported income of $149k and spending of $156k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $218k to $149k (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Optimists Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Renaissance Kares ($149k), Children First Alliance of Alabama Inc ($149k) and Youstar Foundation ($149k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $206k against liabilities of $0, net assets of $206k.