Option to Success

Analysis

Option to Success is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 2014, 12 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, Option to Success reported income of $1.1m and spending of $360k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $493k to $1.1m (+125%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 159%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Option to Success sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within KY. Charities of a similar size with the same main cause include Rooted Academy ($1.1m), Regional Crime Victim Crisis Center ($1.1m) and Take the Lead Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $211k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.