Master the Possibilities Inc

Analysis

Master the Possibilities Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Master the Possibilities Inc reported income of $1.4m and spending of $1.0m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.4m (+31%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Master the Possibilities Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Chicago Heightening Opportunity and Potential for Educational Success ($1.4m), University of California Student Association ($1.4m) and West Ward Civic Cultural Educational Development Associatio ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $222k (21% of expenses). Other salaries and wages came to $279k. At year end it held assets of $1.6m against liabilities of $141k, net assets of $1.5m. It reported 9 employees.