Limit Breaker Church Incorporated

Limit Breaker Church Incorporated maintains stable revenue and expenses with no reported officer compensation, but holds significant liabilities relative to assets.

EIN: 20551004 · Memphis, TN · NTEE: X21 · Updated: 2026-03-28

$198KRevenue

$2.8MAssets

75/100Mission Score (Good)

X21

About Limit Breaker Church Incorporated

Limit Breaker Church Incorporated (EIN: 20551004) is a nonprofit organization based in Memphis, TN, classified under NTEE code X21. The organization reported total revenue of $198K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Limit Breaker Church Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Limit Breaker Church Incorporated demonstrates consistent financial operations with revenues closely matching expenses over the past five years. For example, in 2023, revenue was $197,680 against expenses of $194,420, indicating a balanced budget. The organization's assets, while substantial at $2,753,397 in 2023, are largely offset by liabilities of $2,721,324, suggesting a significant portion of assets may be debt-financed or restricted. The consistent reporting of 0% officer compensation across all five filings is a notable aspect of its financial transparency and operational model, indicating that leadership is not drawing salaries from the organization's funds. This practice can contribute to a higher percentage of funds being available for program services, assuming other operational costs are managed efficiently.

However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. The NTEE code X21 (Religious, Spiritual, and Humanistic Education) suggests a focus on educational programs, but the filings do not provide specific program spending data. The organization's revenue has remained relatively stable, hovering around $200,000 annually, with a slight dip in 2020. The high ratio of liabilities to assets warrants further investigation to understand the nature of these liabilities and their impact on the organization's long-term financial stability. The lack of officer compensation is a positive indicator for donor confidence regarding executive overhead.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Limit Breaker Church Incorporated with a Mission Score of 75 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: 80%
fundraising: 5%

According to IRS 990 filings, Limit Breaker Church Incorporated allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all five filings, indicating that officers are not compensated through the organization's funds, which is a strong positive for resource allocation to mission-related activities.

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 Limit Breaker Church Incorporated's IRS 990 filings:

High liabilities relative to assets, with liabilities consistently close to total assets (e.g., $2,721,324 liabilities vs. $2,753,397 assets in 2023), which could indicate significant debt or restricted funds.
Lack of detailed expense breakdown in the provided data makes it difficult to fully assess program efficiency and administrative overhead.

Strengths

The following positive indicators were identified for Limit Breaker Church Incorporated:

Consistent financial stability with revenues generally covering expenses (e.g., $197,680 revenue vs. $194,420 expenses in 2023).
Zero reported officer compensation across all five filings, indicating a strong commitment to directing funds towards the organization's mission rather than executive salaries.
Stable revenue stream over the past five years, demonstrating consistent donor support or operational income.

Frequently Asked Questions about Limit Breaker Church Incorporated

Is Limit Breaker Church Incorporated a good charity?

Based on the available data, the organization demonstrates financial stability with revenues consistently covering expenses. The absence of officer compensation is a significant positive. However, a detailed breakdown of program spending versus administrative and fundraising costs is needed for a complete assessment of its charitable effectiveness. The high liabilities also warrant further scrutiny.

What is the nature of the high liabilities reported by Limit Breaker Church Incorporated?

The IRS 990 data shows liabilities consistently close to assets (e.g., $2,721,324 in liabilities against $2,753,397 in assets for 2023). Without more detailed financial statements, it's unclear if these are mortgages, program-related debts, or other obligations. This high ratio suggests a significant portion of assets may be financed by debt.

How does Limit Breaker Church Incorporated fund its operations without officer compensation?

The organization generates revenue primarily through contributions, gifts, grants, and similar amounts, totaling $197,680 in 2023. With no officer compensation, these funds are presumably allocated to program services, administrative costs, and other operational expenses, allowing for a higher percentage of revenue to directly support its mission.

Filing History

IRS 990 filing history for Limit Breaker Church Incorporated showing financial trends over 5 years of public records:

Over 5 years of IRS 990 filings (2019–2023), Limit Breaker Church Incorporated's revenue has declined by 3.1%, moving from $204K to $198K. Total assets decreased by 12.3% over the same period, from $3.1M to $2.8M. Total functional expenses rose by 1.2%, from $192K to $194K. In its most recent filing year (2023), Limit Breaker Church Incorporated reported a surplus of $3K, with revenue exceeding expenses. The organization holds $2.7M in liabilities against $2.8M in assets (debt-to-asset ratio: 98.8%), resulting in net assets of $32K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$198K	$194K	$2.8M	$2.7M	—	View 990
2022	$198K	$195K	$2.8M	$2.8M	—	View 990
2021	$197K	$196K	$2.9M	$2.9M	—	View 990
2020	$276K	$280K	$3.2M	$3.2M	—	—
2019	$204K	$192K	$3.1M	$3.1M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $198K, expenses of $194K, and assets of $2.8M (revenue -0.3% year-over-year).
2022: Revenue of $198K, expenses of $195K, and assets of $2.8M (revenue +0.6% year-over-year).
2021: Revenue of $197K, expenses of $196K, and assets of $2.9M (revenue -28.7% year-over-year).
2020: Revenue of $276K, expenses of $280K, and assets of $3.2M (revenue +35.4% year-over-year).
2019: Revenue of $204K, expenses of $192K, and assets of $3.1M.

Data Sources and Methodology

This transparency report for Limit Breaker Church Incorporated 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.