Options Incorporated

Analysis

Options Incorporated is a registered charity in United States, based in Checotah, OK. It received its IRS tax-exemption ruling in January 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Incorporated reported income of $1.3m and spending of $1.3m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.3m (-8.3%), an average of -2.1% a year. The sharpest change came in the year to June 2022, when income dropped by 25%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Options Incorporated sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within OK. Charities of a similar size with the same main cause include Young Mens Christian Association of Shawnee Oklahoma Inc ($1.3m), Cortneys Place ($1.3m) and Community Farmers Markets Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 12% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $350k against liabilities of $154k, net assets of $196k. It reported 87 employees.