Residential Options of Florida Inc

Analysis

Residential Options of Florida Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2022, Residential Options of Florida Inc reported income of $171k and spending of $170k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $479k to $171k (-64%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Residential Options of Florida Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Homeowners Impact Fund ($171k), Babycycle Incorporated ($171k) and Eat Your Yard Jax Inc ($171k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 47% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $73k (43% of expenses). At year end it held assets of $1.3m against liabilities of $582k, net assets of $737k. It reported 1 employees.