Potential Endeavors

Analysis

Potential Endeavors is a registered charity in United States, based in Little Canada, MN. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Potential Endeavors reported income of $321k and spending of $319k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $208k to $321k (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Potential Endeavors sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include The Arc of Indiana County ($321k), Syned ($321k) and Roxbury Library Foundation Incl ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $15k (4.7% of expenses). At year end it held assets of $46k against liabilities of $0, net assets of $46k.