Options for Individuals Inc

Analysis

Options for Individuals Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 1985, 41 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 2022, Options for Individuals Inc reported income of $251k and spending of $249k, spending 99% of its income. Across the 4 years on record, from June 2019 to June 2022, income fell from $350k to $251k (-28%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 72%. 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, Options for Individuals Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within KY. Charities of a similar size with the same main cause include Tates Place ($251k), We Are Family Home Care Services Incorporated ($251k) and Regina Maternity Services Corporation ($251k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $59k (24% of expenses). Other salaries and wages came to $43k. At year end it held assets of $106k against liabilities of $280k, net assets of -$174k. It reported 4 employees.