Options Imagined a NJ Nonprofit Corporation

Analysis

Options Imagined a NJ Nonprofit Corporation is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in February 2015, 11 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 2023, Options Imagined a NJ Nonprofit Corporation reported income of $112k and spending of $203k, spending 182% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $751k to $112k (-85%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 88%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Options Imagined a NJ Nonprofit Corporation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include Active Plus ($112k), Cda Backpack Program Inc ($112k) and Kinship Place ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 56% of the total. Other salaries and wages came to $95k. At year end it held assets of $1.7m against liabilities of $144k, net assets of $1.6m.