Itasca Life Options

Analysis

Itasca Life Options is a registered charity in United States, based in Grand Rapids, MN. It received its IRS tax-exemption ruling in July 1965, 61 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Itasca Life Options reported income of $2.1m and spending of $1.8m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.1m (+85%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Itasca Life Options sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Covenant Community Services Inc ($2.1m), Brookings Area Transit Authority ($2.1m) and Waldo County Young Mens Christian Association ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $78k (4.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.3m against liabilities of $214k, net assets of $2.1m. It reported 101 employees.