Options for College Success

Analysis

Options for College Success is a registered charity in United States, based in Deerfield, IL. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 College Success reported income of $262k and spending of $348k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $640k to $262k (-59%), an average of -20% a year. The sharpest change came in the year to June 2021, when income rose by 218%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Options for College Success sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IL. Charities of a similar size with the same main cause include Horizon University Inc ($262k), Sequoyah Instrumental Music Foundation Inc ($262k) and Naples Public Library ($262k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. Other salaries and wages came to $194k. At year end it held assets of $21k against liabilities of $14k, net assets of $6,196. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.