Employment Options Inc

Analysis

Employment Options Inc is a registered charity in United States, based in Marlborough, MA. It received its IRS tax-exemption ruling in October 1971, 55 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Employment Options Inc reported income of $3.0m and spending of $2.7m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.0m (+55%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Employment Options Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Build Rehabilitation Industries Inc ($3.0m), Family-Centered Educational Agency Inc ($3.0m) and Actm Corp ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $164k (6.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.4m against liabilities of $1.4m, net assets of $2.0m. It reported 42 employees.