Residential Options Inc

Analysis

Residential Options Inc is a registered charity in United States, based in Alton, IL. It received its IRS tax-exemption ruling in September 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Residential Options Inc reported income of $12.4m and spending of $11.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.3m to $12.4m (+49%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Residential Options Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Menorah Plaza Housing Corporation ($12.4m), Quantum Leap Incorporated ($12.4m) and Central Valley Low Income Housing Corporation ($12.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 93% of the total. Other salaries and wages came to $6.5m. At year end it held assets of $13.4m against liabilities of $1.1m, net assets of $12.2m. It reported 280 employees.