My Possibilities

Analysis

My Possibilities is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in May 2008, 18 years ago. 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, My Possibilities reported income of $7.9m and spending of $10.0m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.3m to $7.9m (-41%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, My Possibilities sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Tandem Friends School ($7.9m), The Foundation for Jones Hall ($7.9m) and Issue One ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $235k (2.4% of expenses). Other salaries and wages came to $3.9m. It paid $30k in professional fundraising fees. At year end it held assets of $38.4m against liabilities of $16.7m, net assets of $21.7m. It reported 140 employees.