Residential Options Inc

Analysis

Residential Options Inc is a registered charity in United States, based in Dublin, OH. It received its IRS tax-exemption ruling in May 1983, 43 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, Residential Options Inc reported income of $1.8m and spending of $1.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.8m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Residential Options Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Shalom Task Force Inc ($1.8m), Eatonville Area Council ($1.8m) and Outside the Box Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. Other salaries and wages came to $982k. At year end it held assets of $599k against liabilities of $61k, net assets of $539k.