Options Inc

Analysis

Options Inc is a registered charity in United States, based in Morganton, NC. It received its IRS tax-exemption ruling in April 1985, 41 years ago. 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, Options Inc reported income of $644k and spending of $598k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $385k to $644k (+67%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Options Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Olmsted Falls Schools Endowment and Alumni Association ($644k), Laurel House Inc ($644k) and Yokefellow Ministry of Mount Airy Incorporated ($644k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $259k. At year end it held assets of $665k against liabilities of $78k, net assets of $587k. It reported 6 employees.