Options Inc

Analysis

Options Inc is a registered charity in United States, based in Hammond, LA. It received its IRS tax-exemption ruling in September 1990, 36 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 2023, Options Inc reported income of $9.9m and spending of $8.9m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.8m to $9.9m (+12%), an average of +2.8% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Options Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within LA. Charities of a similar size with the same main cause include Dangerfield Institute of Urban Problems ($9.9m), National Alliance for Care at Home Leadership Foundation ($9.9m) and Wisconsin Masonic Home Inc ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 71% of the total. Other salaries and wages came to $5.7m. At year end it held assets of $8.1m against liabilities of $483k, net assets of $7.6m. It reported 300 employees.