Place of Possibilities Inc

Analysis

Place of Possibilities Inc is a registered charity in United States, based in Aulander, NC. It received its IRS tax-exemption ruling in October 2008, 18 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, Place of Possibilities Inc reported income of $54k and spending of $78k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $44k to $54k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2022, when income rose by 110%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Place of Possibilities Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Goalie Charitable Foundation Inc ($54k), Cat-Community Action Team ($54k) and Los Angeles Foundation on Aging ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $44 against liabilities of $0, net assets of $44.