Possibility Place

Analysis

Possibility Place is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Possibility Place reported income of $391k and spending of $296k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $391k (+90%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Possibility Place sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within TN. Charities of a similar size with the same main cause include Family Promise of the Northland ($391k), Missouri Shores Domestic Violence Center ($391k) and Kairos Dwelling ($391k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. Other salaries and wages came to $218k. At year end it held assets of $612k against liabilities of $3,247, net assets of $608k. It reported 16 employees.