House Of Possibilities Inc
House Of Possibilities Inc faces financial challenges with consistent deficit spending and rising liabilities despite revenue growth.
EIN: 134246859 · North Easton, MA · NTEE: P30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $3.9M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $2.4M |
| Transparency Score | 65/100 |
Is House Of Possibilities Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
House Of Possibilities Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About House Of Possibilities Inc
House Of Possibilities Inc (EIN: 134246859) is a nonprofit organization based in North Easton, MA, classified under NTEE code P30. The organization reported total revenue of $5.2M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of House Of Possibilities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
House Of Possibilities Inc is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.9M |
| Surplus / Deficit | $-551,618 |
| Total Assets | $3.6M |
| Total Liabilities | $1.2M |
| Net Assets | $2.4M |
| Operating Margin | -16.7% |
| Debt-to-Asset Ratio | 32.6% |
| Months of Reserves | 11.3 months |
Financial Health Grade: B
In 2023, House Of Possibilities Inc reported a deficit of $552K with expenses exceeding revenue, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 32.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), House Of Possibilities Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.8% | +15.7% | -2.0% |
| 2022 | +33.4% | +65.0% | +7.9% |
| 2021 | +33.2% | -1.9% | +9.2% |
| 2020 | +3.4% | -2.1% | -10.6% |
| 2019 | +6.2% | +35.1% | -9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates House Of Possibilities Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, House Of Possibilities Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $552K, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, or trustees, which is highly unusual for an organization of this size with over $3 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of House Of Possibilities Inc's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023 expenses $3.85M vs. revenue $3.30M)
- Rapid and significant increase in liabilities from $25,931 in 2014 to $1,180,301 in 2023
- Declining asset base in recent years ($3.89M in 2017 to $3.61M in 2023) while liabilities rise
- Unusual reporting of 0% officer compensation for an organization of this size and revenue
Strengths
The following positive indicators were identified for House Of Possibilities Inc:
- Demonstrated revenue growth over the past decade, from $1.15M in 2014 to $3.30M in 2023
- Consistent reporting of 0% officer compensation, indicating transparency in this specific area
- Long filing history (13 filings) provides a comprehensive view of financial trends
Frequently Asked Questions about House Of Possibilities Inc
Is House Of Possibilities Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, House Of Possibilities Inc (EIN: 134246859) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does House Of Possibilities Inc spend its money?
House Of Possibilities Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to House Of Possibilities Inc tax-deductible?
House Of Possibilities Inc is registered as a tax-exempt nonprofit (EIN: 134246859). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the House Of Possibilities Inc CEO make?
House Of Possibilities Inc's highest-compensated officer earns $3 annually. The organization reported $5.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of House Of Possibilities Inc's spending goes to programs?
House Of Possibilities Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does House Of Possibilities Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), House Of Possibilities Inc is above average for NTEE category P30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is House Of Possibilities Inc located?
House Of Possibilities Inc is headquartered in North Easton, Massachusetts and files with the IRS under EIN 134246859. It is classified under NTEE code P30.
How many years of IRS 990 filings does House Of Possibilities Inc have?
House Of Possibilities Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.2M in total revenue.
Is House Of Possibilities Inc a good charity?
The organization demonstrates strong transparency regarding executive compensation (0% reported). However, consistent deficit spending in recent years (e.g., $3,852,046 expenses vs. $3,300,428 revenue in 2023) and a significant increase in liabilities ($1,180,301 in 2023) raise concerns about financial stability. A deeper look into the nature of these liabilities and the reasons for the deficits would be necessary to fully assess its long-term viability and impact.
Why are liabilities increasing so rapidly?
Liabilities have surged from $25,931 in 2014 to $1,180,301 in 2023. This rapid increase, especially in the last two years, warrants further investigation to understand if it's due to program expansion, capital investments, or other financial obligations that could impact future operations.
How does the organization sustain operations with consistent deficits?
The organization has frequently spent more than it earned, for example, in 2023, expenses exceeded revenue by over $550,000. This suggests reliance on prior year reserves, asset liquidation, or increasing liabilities to cover operational costs, which is not sustainable long-term.
What is the impact of 0% officer compensation?
Reporting 0% officer compensation across all filings is highly unusual for an organization with over $3 million in revenue. While it suggests a volunteer-led executive team or compensation being reported under different categories, it could also indicate a lack of transparency if key personnel are compensated through related entities or other means not clearly disclosed.
Filing History
IRS 990 filing history for House Of Possibilities Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), House Of Possibilities Inc's revenue has grown by 422.7%, moving from $631K to $3.3M. Total assets increased by 35.3% over the same period, from $2.7M to $3.6M. Total functional expenses rose by 527.6%, from $614K to $3.9M. In its most recent filing year (2023), House Of Possibilities Inc reported a deficit of $552K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $3.6M in assets (debt-to-asset ratio: 32.6%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.9M | $3.6M | $1.2M | — | View 990 |
| 2022 | $3.0M | $3.3M | $3.7M | $704K | — | View 990 |
| 2021 | $2.3M | $2.0M | $3.4M | $137K | — | — |
| 2020 | $1.7M | $2.1M | $3.1M | $105K | — | View 990 |
| 2019 | $1.7M | $2.1M | $3.5M | $127K | — | View 990 |
| 2018 | $1.6M | $1.6M | $3.9M | $30K | — | View 990 |
| 2017 | $1.5M | $1.3M | $3.9M | $59K | — | View 990 |
| 2016 | $1.4M | $1.2M | $3.6M | $35K | — | View 990 |
| 2015 | $1.4M | $1.3M | $3.5M | $55K | — | View 990 |
| 2014 | $1.2M | $1.1M | $3.3M | $26K | — | View 990 |
| 2013 | $849K | $909K | $3.2M | $17K | — | View 990 |
| 2012 | $1.4M | $801K | $3.3M | $10K | — | View 990 |
| 2011 | $631K | $614K | $2.7M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.9M, and assets of $3.6M (revenue +8.8% year-over-year).
- 2022: Revenue of $3.0M, expenses of $3.3M, and assets of $3.7M (revenue +33.4% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.0M, and assets of $3.4M (revenue +33.2% year-over-year).
- 2020: Revenue of $1.7M, expenses of $2.1M, and assets of $3.1M (revenue +3.4% year-over-year).
- 2019: Revenue of $1.7M, expenses of $2.1M, and assets of $3.5M (revenue +6.2% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.6M, and assets of $3.9M (revenue +4.0% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.3M, and assets of $3.9M (revenue +6.1% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.2M, and assets of $3.6M (revenue -0.2% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.3M, and assets of $3.5M (revenue +22.3% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.1M, and assets of $3.3M (revenue +35.8% year-over-year).
- 2013: Revenue of $849K, expenses of $909K, and assets of $3.2M (revenue -39.8% year-over-year).
- 2012: Revenue of $1.4M, expenses of $801K, and assets of $3.3M (revenue +123.5% year-over-year).
- 2011: Revenue of $631K, expenses of $614K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for House Of Possibilities Inc:
Data Sources and Methodology
This transparency report for House Of Possibilities Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.