Options for Independence

Analysis

Options for Independence is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in August 1993, 33 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 for Independence reported income of $2.9m and spending of $1.4m, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $2.9m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Options for Independence sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include Young Womens Christian Association of Wheeling WV ($2.9m), Charlotte Family Housing Inc ($2.9m) and Stark County Council on Aging Elder Care ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $175k (13% of expenses). Other salaries and wages came to $573k. At year end it held assets of $4.6m against liabilities of $2.0m, net assets of $2.6m. It reported 31 employees.