The Possibility Project Inc

Analysis

The Possibility Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 July 2023, The Possibility Project Inc reported income of $652k and spending of $598k, spending 92% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $632k to $652k (+3.1%), an average of +0.8% a year. The sharpest change came in the year to July 2021, when income dropped by 22%. Over the whole period it spent 96% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, The Possibility Project Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Adams County Childrens Advocacy Center ($652k), Mid-Del Youth and Family Center Inc ($652k) and Collective Change Lab Inc ($652k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 96% and program service revenue 2.0% of the total. Other salaries and wages came to $360k. At year end it held assets of $418k against liabilities of $11k, net assets of $407k.