Unlimited Possibilties Inc

Analysis

Unlimited Possibilties Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in October 1981, 45 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Unlimited Possibilties Inc reported income of $836k and spending of $771k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $919k to $836k (-9.0%), an average of -2.3% a year. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Unlimited Possibilties Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include West Side Community Services Inc ($836k), Avondale Development Corporation ($836k) and Swan Vocational Enterprises ($836k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 5.9% of the total. Other salaries and wages came to $372k. At year end it held assets of $1.1m against liabilities of $152k, net assets of $937k. It reported 20 employees.