Possabilities Plus Inc

Analysis

Possabilities Plus Inc is a registered charity in United States, based in Atlantic Beach, FL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Possabilities Plus Inc reported income of $193k and spending of $184k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $156k to $193k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Possabilities Plus Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Community Alternatives to Violence Inc ($193k), One Economy ($193k) and Sturgis Falls Celebration Inc ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $39k (21% of expenses). Other salaries and wages came to $50k. At year end it held assets of $86k against liabilities of $1,594, net assets of $85k.