Options Unlimited Inc

Analysis

Options Unlimited Inc is a registered charity in United States, based in Shepherdsvlle, KY. It received its IRS tax-exemption ruling in April 1988, 38 years ago. 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, Options Unlimited Inc reported income of $1.4m and spending of $1.1m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.4m (-7.5%), an average of -1.9% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Options Unlimited Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within KY. Charities of a similar size with the same main cause include YWCA Syracuse & Onondaga County ($1.4m), Mercy Conference and Retreat Center ($1.4m) and FCC Child Development Center Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.6% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $90k (8.1% of expenses). Other salaries and wages came to $605k. At year end it held assets of $3.7m against liabilities of $90k, net assets of $3.6m. It reported 29 employees.