House of Possibilities Inc

Analysis

House of Possibilities Inc is a registered charity in United States, based in North Easton, MA. It received its IRS tax-exemption ruling in April 2003, 23 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 2023, House of Possibilities Inc reported income of $3.3m and spending of $3.9m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $3.3m (+100%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, House of Possibilities Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Harrison County Community Services Inc ($3.3m), Pro Seniors Inc ($3.3m) and Leon Advocacy and Resource Center Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $155k (4.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $3.6m against liabilities of $1.2m, net assets of $2.4m. It reported 98 employees.