There Is Another Option Inc
EIN: 461425283 · Atlanta, GA · NTEE: F22
| Metric | Value |
|---|---|
| Total Revenue | $442K |
| Total Expenses | $442K |
| Net Assets | $31K |
Is There Is Another Option Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About There Is Another Option Inc
There Is Another Option Inc (EIN: 461425283) is a nonprofit organization based in Atlanta, GA, classified under NTEE code F22. The organization reported total revenue of $442K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of There Is Another Option Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
There Is Another Option Inc is a small nonprofit that has been operating for 13 years, with 6 years of IRS 990 filings on record (2013–2019). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $442K |
| Total Expenses | $442K |
| Surplus / Deficit | $-257 |
| Total Assets | $31K |
| Total Liabilities | $457 |
| Net Assets | $31K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 0.8 months |
Financial Health Grade: C
In 2019, There Is Another Option Inc reported a deficit of $257 with expenses exceeding revenue, holds 0.8 months of operating reserves (limited), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 6 years of filings (2013–2019), There Is Another Option Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -22.1% | -28.6% | +30.8% |
| 2017 | +2.3% | +20.9% | -70.0% |
| 2016 | +27.1% | +24.9% | +113.7% |
| 2015 | -2.2% | -10.5% | +32.6% |
| 2014 | +1.1% | +8.8% | -35.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for There Is Another Option Inc 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 There Is Another Option Inc 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $257, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.5%.
Frequently Asked Questions about There Is Another Option Inc
Is There Is Another Option Inc a legitimate charity?
There Is Another Option Inc (EIN: 461425283) is a registered tax-exempt nonprofit based in Georgia. It has 6 years of IRS 990 filings on record. Total revenue: $442K. No red flags identified. Financial health grade: C.
How does There Is Another Option Inc spend its money?
There Is Another Option Inc reported $442K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to There Is Another Option Inc tax-deductible?
There Is Another Option Inc is registered as a tax-exempt nonprofit (EIN: 461425283). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is There Is Another Option Inc located?
There Is Another Option Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 461425283. It is classified under NTEE code F22.
How many years of IRS 990 filings does There Is Another Option Inc have?
There Is Another Option Inc has 6 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 $442K in total revenue.
Filing History
IRS 990 filing history for There Is Another Option Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2013–2019), There Is Another Option Inc's revenue has grown by 0.2%, moving from $441K to $442K. Total assets decreased by 28.2% over the same period, from $43K to $31K. Total functional expenses rose by 5%, from $421K to $442K. In its most recent filing year (2019), There Is Another Option Inc reported a deficit of $257, with expenses exceeding revenue. The organization holds $457 in liabilities against $31K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $31K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $442K | $442K | $31K | $457 | — | View 990 |
| 2017 | $567K | $619K | $24K | $457 | — | View 990 |
| 2016 | $554K | $512K | $79K | $3K | — | View 990 |
| 2015 | $436K | $410K | $37K | $3K | — | View 990 |
| 2014 | $446K | $458K | $28K | $20K | — | View 990 |
| 2013 | $441K | $421K | $43K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $442K, expenses of $442K, and assets of $31K (revenue -22.1% year-over-year).
- 2017: Revenue of $567K, expenses of $619K, and assets of $24K (revenue +2.3% year-over-year).
- 2016: Revenue of $554K, expenses of $512K, and assets of $79K (revenue +27.1% year-over-year).
- 2015: Revenue of $436K, expenses of $410K, and assets of $37K (revenue -2.2% year-over-year).
- 2014: Revenue of $446K, expenses of $458K, and assets of $28K (revenue +1.1% year-over-year).
- 2013: Revenue of $441K, expenses of $421K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for There Is Another Option Inc:
Data Sources and Methodology
This transparency report for There Is Another Option Inc 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.