Options Properties Inc

Analysis

Options Properties Inc is a registered charity in United States, based in Marlborough, MA. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Properties Inc reported income of $105k and spending of $158k, spending 150% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $103k to $105k (+2.3%), an average of +0.6% a year. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Options Properties Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 45th percentile within MA. Charities of a similar size with the same main cause include Mihalics Project ($105k), Wesley Group Home 1 Inc ($105k) and Leonard Housing Corporation ($105k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $600k against liabilities of $537k, net assets of $63k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.