Options for Learning

Analysis

Options for Learning is a registered charity in United States, based in West Covina, CA. It received its IRS tax-exemption ruling in October 1981, 45 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 2023, Options for Learning reported income of $142.1m and spending of $133.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $101.3m to $142.1m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Options for Learning sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Evergreen Goodwill of Northwest Washington ($141.6m), Cna Corporation ($142.4m) and Saint Johns University ($140.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $1.3m (1.0% of expenses). Other salaries and wages came to $41.8m. At year end it held assets of $91.6m against liabilities of $47.2m, net assets of $44.5m. It reported 969 employees.