Options Inc

Analysis

Options Inc is a registered charity in United States, based in Big Lake, MN. It received its IRS tax-exemption ruling in September 1980, 46 years ago. 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 June 2024, Options Inc reported income of $3.2m and spending of $3.1m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.1m to $3.2m (+3.6%), an average of +0.9% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Options Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include The Phoenix Family Housing Corporation ($3.2m), McNeilly Center for Children Inc ($3.2m) and Inwood House Development Corporation ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $121k (3.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $6.6m against liabilities of $347k, net assets of $6.2m. It reported 145 employees.