Option Inc

Analysis

Option Inc is a registered charity in United States, based in Hobbs, NM. It received its IRS tax-exemption ruling in March 1981, 45 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 2024, Option Inc reported income of $588k and spending of $670k, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $426k to $588k (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Option Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within NM. Charities of a similar size with the same main cause include Gala Community Center ($588k), Womens Resource Center of Greensboro Inc ($588k) and Asian Womens Christian Association Inc ($588k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $393k. At year end it held assets of $632k against liabilities of $51k, net assets of $581k. It reported 16 employees.