Option To Success
EIN: 371662596 · Louisville, KY · NTEE: P73
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $360K |
| Net Assets | $1.3M |
Is Option To Success Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Option To Success
Option To Success (EIN: 371662596) is a nonprofit organization based in Louisville, KY, classified under NTEE code P73. The organization reported total revenue of $1.3M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Option To Success's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Option To Success is a mid-size nonprofit that has been operating for 12 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 22.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $360K |
| Surplus / Deficit | +$750K |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | 67.5% |
| Months of Reserves | 42.8 months |
Financial Health Grade: A
In 2023, Option To Success reported a surplus of $750K with revenue exceeding expenses, holds 42.8 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2023), Option To Success's revenue has grown at a compound annual growth rate (CAGR) of 22.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +159.5% | +20.0% | +140.0% |
| 2022 | +1.9% | -7.3% | +31.3% |
| 2021 | +16.4% | -0.2% | +30.8% |
| 2020 | -26.8% | -4.4% | +13.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Option To Success has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Option To Success with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $750K, with revenue exceeding expenses.
Frequently Asked Questions about Option To Success
Is Option To Success a legitimate charity?
Based on AI analysis of IRS 990 filings, Option To Success (EIN: 371662596) insufficient data. 0 red flags identified, 0 strengths noted.
How does Option To Success spend its money?
Detailed spending breakdown data is not yet available for Option To Success. Check back for updated IRS 990 analysis.
Are donations to Option To Success tax-deductible?
Option To Success is registered as a tax-exempt nonprofit (EIN: 371662596). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Option To Success located?
Option To Success is headquartered in Louisville, Kentucky and files with the IRS under EIN 371662596. It is classified under NTEE code P73.
How many years of IRS 990 filings does Option To Success have?
Option To Success has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
Filing History
IRS 990 filing history for Option To Success showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Option To Success's revenue has grown by 125.1%, moving from $493K to $1.1M. Total assets increased by 366.1% over the same period, from $276K to $1.3M. Total functional expenses rose by 6.1%, from $340K to $360K. In its most recent filing year (2023), Option To Success reported a surplus of $750K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $360K | $1.3M | $0 | — | — |
| 2022 | $428K | $300K | $536K | $0 | — | — |
| 2021 | $420K | $324K | $408K | $0 | — | View 990 |
| 2020 | $361K | $325K | $312K | $0 | — | — |
| 2019 | $493K | $340K | $276K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $360K, and assets of $1.3M (revenue +159.5% year-over-year).
- 2022: Revenue of $428K, expenses of $300K, and assets of $536K (revenue +1.9% year-over-year).
- 2021: Revenue of $420K, expenses of $324K, and assets of $408K (revenue +16.4% year-over-year).
- 2020: Revenue of $361K, expenses of $325K, and assets of $312K (revenue -26.8% year-over-year).
- 2019: Revenue of $493K, expenses of $340K, and assets of $276K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Option To Success:
Data Sources and Methodology
This transparency report for Option To Success is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.