Limitless Community Development Corp
EIN: 270291442 · Columbia, SC · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $477K |
| Total Expenses | $265K |
| Net Assets | $27K |
Is Limitless Community Development Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Limitless Community Development Corp
Limitless Community Development Corp (EIN: 270291442) is a nonprofit organization based in Columbia, SC, classified under NTEE code S20. The organization reported total revenue of $477K and total assets of $102K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Limitless Community Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Limitless Community Development Corp is a small nonprofit that has been operating for 15 years, with 8 years of IRS 990 filings on record (2014–2022). Revenue has grown at a compound annual rate of 13.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $300K |
| Total Expenses | $265K |
| Surplus / Deficit | +$34K |
| Total Assets | $29K |
| Total Liabilities | $2K |
| Net Assets | $27K |
| Operating Margin | 11.4% |
| Debt-to-Asset Ratio | 7.4% |
| Months of Reserves | 1.3 months |
Financial Health Grade: A
In 2022, Limitless Community Development Corp reported a surplus of $34K with revenue exceeding expenses, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 7.4% (very low leverage).
Financial Trends
Over 8 years of filings (2014–2022), Limitless Community Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 13.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +278.9% | +175.8% | +472.8% |
| 2021 | -57.8% | -45.0% | -60.3% |
| 2020 | +141.4% | +85.6% | +244.1% |
| 2019 | +35.3% | +71.9% | -85.0% |
| 2018 | -42.3% | -38.1% | +46.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Limitless Community Development Corp has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Limitless Community Development Corp with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $34K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.4%.
Frequently Asked Questions about Limitless Community Development Corp
Is Limitless Community Development Corp a legitimate charity?
Limitless Community Development Corp (EIN: 270291442) is a registered tax-exempt nonprofit based in South Carolina. It has 8 years of IRS 990 filings on record. Total revenue: $477K. No red flags identified. Financial health grade: A.
How does Limitless Community Development Corp spend its money?
Limitless Community Development Corp reported $477K in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Limitless Community Development Corp tax-deductible?
Limitless Community Development Corp is registered as a tax-exempt nonprofit (EIN: 270291442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Limitless Community Development Corp located?
Limitless Community Development Corp is headquartered in Columbia, South Carolina and files with the IRS under EIN 270291442. It is classified under NTEE code S20.
How many years of IRS 990 filings does Limitless Community Development Corp have?
Limitless Community Development Corp has 8 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 $477K in total revenue.
Filing History
IRS 990 filing history for Limitless Community Development Corp showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2014–2022), Limitless Community Development Corp's revenue has grown by 171.3%, moving from $110K to $300K. Total assets increased by 138.7% over the same period, from $12K to $29K. Total functional expenses rose by 153%, from $105K to $265K. In its most recent filing year (2022), Limitless Community Development Corp reported a surplus of $34K, with revenue exceeding expenses. The organization holds $2K in liabilities against $29K in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $27K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $300K | $265K | $29K | $2K | — | — |
| 2021 | $79K | $96K | $5K | $12K | — | View 990 |
| 2020 | $187K | $175K | $13K | $3K | — | View 990 |
| 2019 | $78K | $94K | $4K | $6K | — | View 990 |
| 2018 | $57K | $55K | $25K | $0 | — | View 990 |
| 2016 | $99K | $89K | $17K | $0 | — | View 990 |
| 2015 | $104K | $104K | $11K | $5K | — | View 990 |
| 2014 | $110K | $105K | $12K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $300K, expenses of $265K, and assets of $29K (revenue +278.9% year-over-year).
- 2021: Revenue of $79K, expenses of $96K, and assets of $5K (revenue -57.8% year-over-year).
- 2020: Revenue of $187K, expenses of $175K, and assets of $13K (revenue +141.4% year-over-year).
- 2019: Revenue of $78K, expenses of $94K, and assets of $4K (revenue +35.3% year-over-year).
- 2018: Revenue of $57K, expenses of $55K, and assets of $25K (revenue -42.3% year-over-year).
- 2016: Revenue of $99K, expenses of $89K, and assets of $17K (revenue -4.8% year-over-year).
- 2015: Revenue of $104K, expenses of $104K, and assets of $11K (revenue -5.4% year-over-year).
- 2014: Revenue of $110K, expenses of $105K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Limitless Community Development Corp:
Data Sources and Methodology
This transparency report for Limitless Community Development Corp 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.