Infinite Possibilities Inc

Analysis

Infinite Possibilities Inc is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in July 2010, 16 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 December 2023, Infinite Possibilities Inc reported income of $469k and spending of $568k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $324k to $469k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2020, when income rose by 80%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Infinite Possibilities Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Arizona Caregiver Coalition Inc ($469k), Northfields Human Services ($469k) and Friends of Yad Yitzchok Inc ($469k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $87k (15% of expenses). Other salaries and wages came to $107k. At year end it held assets of $203k against liabilities of $5,997, net assets of $197k. It reported 4 employees.