Possibility Labs
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 380,000 | 149,076 | 230,924 | 18.6 | 52% |
| 2021 | 6,183,574 | 4,241,803 | 1,941,771 | 6.1 | 31% |
| 2022 | 46,742,841 | 20,919,752 | 25,823,089 | 16.1 | 15% |
| 2023 | 24,985,359 | 33,827,449 | −8,842,090 | 6.1 | 11% |
In its most recent public year (2023), this organization spent $8,842,090 more than it brought in. Its reserves stood at about 6.1 months of spending, down from 18.6 in 2020. Staff pay was 11% of spending. $14,728,080 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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