Options Family of Services

Analysis

Options Family of Services is a registered charity in United States, based in SN Luis Obisp, CA. It received its IRS tax-exemption ruling in October 1986, 40 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 June 2024, Options Family of Services reported income of $8.9m and spending of $7.7m, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.2m to $8.9m (+23%), an average of +5.3% a year. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Options Family of Services sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include West Baltimore Renaissance Foundation Inc ($8.9m), Lee Scott Academy Inc ($8.9m) and Hrca Housing for Elderly Inc ($8.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $122k (1.6% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $14.1m against liabilities of $2.2m, net assets of $11.9m.