Probability Management Inc

Analysis

Probability Management Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in May 2014, 12 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, Probability Management Inc reported income of $191k and spending of $196k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $224k to $191k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Probability Management Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Dureh Community Center ($191k), Antwerp Community Development Committee Inc ($191k) and Chicago Summer Finance Institute Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $24k (12% of expenses). Other salaries and wages came to $89k. At year end it held assets of $12k against liabilities of $0, net assets of $12k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.