Option Schools Inc

Analysis

Option Schools Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Option Schools Inc reported income of $84k and spending of $68k, spending 81% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $108k to $84k (-23%), an average of -23% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Option Schools Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NE. Charities of a similar size with the same main cause include St Johnsbury History & Heritage Center Inc ($84k), Valley of the Sun School Properties One ($84k) and Norwich Farm Foundation Inc ($84k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 22% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.