Choice Unlimited

Analysis

Choice Unlimited is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2023, Choice Unlimited reported income of $3.4m and spending of $3.2m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $3.4m (-1.5%), an average of -0.4% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Choice Unlimited 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 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include The Spero Project Inc ($3.4m), Veggielution ($3.4m) and Stark Economic Development Board Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $101k (3.2% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $2.6m against liabilities of $647k, net assets of $2.0m. It reported 127 employees.