Options for Independence

Analysis

Options for Independence is a registered charity in United States, based in Logan, UT. It received its IRS tax-exemption ruling in July 1984, 42 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, Options for Independence reported income of $1.3m and spending of $1.2m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $925k to $1.3m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2024, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Options for Independence 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 80th percentile within UT. Charities of a similar size with the same main cause include Services & Immigrant Rights & Education Network ($1.3m), Core Career ($1.3m) and Safeguard Credit Counseling Services Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $745k. At year end it held assets of $930k against liabilities of $311k, net assets of $619k. It reported 22 employees.