Residential Options Inc

Analysis

Residential Options Inc is a registered charity in United States, based in Okemos, MI. It received its IRS tax-exemption ruling in November 1989, 37 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 September 2023, Residential Options Inc reported income of $10.8m and spending of $11.2m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $11.3m to $10.8m (-4.6%), an average of -1.2% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Residential Options Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Mixteco Indigena Community Organizing Project ($10.8m), International Care Ministries ($10.8m) and Pomeroy Recreation and Rehabilitation Center ($10.8m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $8.2m. At year end it held assets of $5.3m against liabilities of $1.1m, net assets of $4.1m. It reported 369 employees.