Possibilities Inc

Analysis

Possibilities Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, 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 June 2023, Possibilities Inc reported income of $284k and spending of $298k, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $259k to $284k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to June 2020, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Possibilities Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within OK. Charities of a similar size with the same main cause include Launch ($284k), Stockyards Preservation Foundation of Fort Worth Texas Inc ($284k) and Service 2 Software Inc ($284k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 4.7% of the total. Other salaries and wages came to $187k. At year end it held assets of $101k against liabilities of $18k, net assets of $83k. It reported 2 employees.