Potential Inc

Analysis

Potential Inc is a registered charity in United States, based in Newtown, PA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Potential Inc reported income of $5.9m and spending of $5.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $5.9m (+66%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Potential Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Crystal Oaks Long Term Care ($5.9m), Retreat Inc ($5.9m) and Russell Murray Hospice ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $161k (2.8% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $744k against liabilities of $632k, net assets of $112k. It reported 172 employees.