Open Options Inc

Analysis

Open Options Inc is a registered charity in United States, based in Lebanon, OH. It received its IRS tax-exemption ruling in November 1987, 39 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, Open Options Inc reported income of $1.3m and spending of $1.6m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.3m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Options Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Pocatello Neighborhood Housing Services Inc ($1.3m), Disabled Resources Center Inc ($1.3m) and Path United Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $139k (8.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $625k against liabilities of $35k, net assets of $590k. It reported 21 employees.