Life Options Homes Inc

Analysis

Life Options Homes Inc is a registered charity in United States, based in Brighton, TN. It received its IRS tax-exemption ruling in September 2008, 18 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 December 2023, Life Options Homes Inc reported income of $514k and spending of $491k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $433k to $514k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Life Options Homes Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include Florentz Estates Inc ($514k), Senior Affordable Housing Corp No 2 ($514k) and Prairie Lake Estates Homeowners Cooperative ($514k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $138k (28% of expenses). Other salaries and wages came to $95k. At year end it held assets of $151k against liabilities of $161k, net assets of -$11k. It reported 6 employees.