Living Options Inc

Analysis

Living Options Inc is a registered charity in United States, based in Halstad, MN. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Living Options Inc reported income of $453k and spending of $421k, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $401k to $453k (+13%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Living Options Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Our Daily Rest ($453k), Peace Church Presbyterian Village Nonprofit Housing Corporation ($454k) and Ada Homeless Services Inc ($453k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $937k against liabilities of $1.6m, net assets of -$694k.