It is possible. Some churches have there bass players running directly to the main house system which is nothing but a beefed up PA system. Before I purchased my gear, a friend of mine who had a lot of gear and most of it was out to friends, had me run through a Crate PA head through a Peavey 410 cab. I got a pretty decent sound through the cab.
I wouldn't say that it is wise though for a long period of time. In your case, if that's all you have, use it. But definately get a dedicated bass head when the money is right. Some will say get a seperate Pre-amp and Power Amp setup, and some will say get a head with the pre and power amps together. Its your personal preference.