Customized Options Nonprofit

Analysis

Customized Options Nonprofit is a registered charity in United States, based in Woodbury, MN. It received its IRS tax-exemption ruling in August 2006, 20 years ago. 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 December 2023, Customized Options Nonprofit reported income of $1.7m and spending of $1.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.7m (+59%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Customized Options Nonprofit sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Willits Hallowell Center Inc ($1.7m), Muslim Community of Western Suburbs of Detroit ($1.7m) and Epilepsy Institute ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $155k (9.5% of expenses). Other salaries and wages came to $990k. At year end it held assets of $635k against liabilities of $124k, net assets of $511k. It reported 47 employees.