Place of Possibility Inc

Analysis

Place of Possibility Inc is a registered charity in United States, based in Lake Mary, FL. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Possibility Inc reported income of $57k and spending of $42k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $57k (+90%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Place of Possibility Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Gateway Area Foundation ($57k), Wishlist Foundation ($57k) and Moorestown Rotary Charities Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.