Limitless Potential Inc
EIN: 272853497 · Cedar Rapids, IA · NTEE: P82
| Metric | Value |
|---|---|
| Total Expenses | $1.2M |
| Net Assets | $436K |
Is Limitless Potential Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Limitless Potential Inc
Limitless Potential Inc (EIN: 272853497) is a nonprofit organization based in Cedar Rapids, IA, classified under NTEE code P82. The organization reported total revenue of $0 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Limitless Potential Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Limitless Potential Inc is a mid-size nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$143K |
| Total Assets | $449K |
| Total Liabilities | $13K |
| Net Assets | $436K |
| Operating Margin | 10.3% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 4.3 months |
Financial Health Grade: A
In 2023, Limitless Potential Inc reported a surplus of $143K with revenue exceeding expenses, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Limitless Potential Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +63.8% | +19.5% | +40.3% |
| 2022 | -19.1% | -7.9% | -39.3% |
| 2021 | -30.6% | -3.9% | -12.9% |
| 2020 | +11.8% | +2.0% | +143.1% |
| 2019 | +22.4% | +20.4% | +409.0% |
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 Potential Inc 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 Potential Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $143K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.9%.
Frequently Asked Questions about Limitless Potential Inc
Is Limitless Potential Inc a legitimate charity?
Limitless Potential Inc (EIN: 272853497) is a registered tax-exempt nonprofit based in Iowa. It has 13 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Limitless Potential Inc spend its money?
Limitless Potential Inc reported its financials in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Limitless Potential Inc tax-deductible?
Limitless Potential Inc is registered as a tax-exempt nonprofit (EIN: 272853497). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Limitless Potential Inc located?
Limitless Potential Inc is headquartered in Cedar Rapids, Iowa and files with the IRS under EIN 272853497. It is classified under NTEE code P82.
How many years of IRS 990 filings does Limitless Potential Inc have?
Limitless Potential 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.
Filing History
IRS 990 filing history for Limitless Potential Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Limitless Potential Inc's revenue has grown by 210.4%, moving from $448K to $1.4M. Total assets increased by 644.5% over the same period, from $60K to $449K. Total functional expenses rose by 199.4%, from $417K to $1.2M. In its most recent filing year (2023), Limitless Potential Inc reported a surplus of $143K, with revenue exceeding expenses. The organization holds $13K in liabilities against $449K in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $436K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.2M | $449K | $13K | — | View 990 |
| 2022 | $849K | $1.0M | $320K | $27K | — | View 990 |
| 2021 | $1.0M | $1.1M | $527K | $39K | — | View 990 |
| 2020 | $1.5M | $1.2M | $605K | $32K | — | View 990 |
| 2019 | $1.4M | $1.2M | $249K | $8K | — | View 990 |
| 2018 | $1.1M | $961K | $49K | $3K | — | View 990 |
| 2017 | $990K | $964K | $22K | $120K | — | — |
| 2016 | $1.3M | $1.3M | $22K | $146K | — | View 990 |
| 2015 | $918K | $935K | $-1,597 | $157K | — | View 990 |
| 2014 | $845K | $990K | $-5,121 | $136K | — | View 990 |
| 2013 | $926K | $914K | $19K | $15K | — | View 990 |
| 2012 | $663K | $711K | $15K | $23K | — | View 990 |
| 2011 | $448K | $417K | $60K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.2M, and assets of $449K (revenue +63.8% year-over-year).
- 2022: Revenue of $849K, expenses of $1.0M, and assets of $320K (revenue -19.1% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.1M, and assets of $527K (revenue -30.6% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.2M, and assets of $605K (revenue +11.8% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.2M, and assets of $249K (revenue +22.4% year-over-year).
- 2018: Revenue of $1.1M, expenses of $961K, and assets of $49K (revenue +11.6% year-over-year).
- 2017: Revenue of $990K, expenses of $964K, and assets of $22K (revenue -23.5% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $22K (revenue +41.0% year-over-year).
- 2015: Revenue of $918K, expenses of $935K, and assets of $-1,597 (revenue +8.6% year-over-year).
- 2014: Revenue of $845K, expenses of $990K, and assets of $-5,121 (revenue -8.8% year-over-year).
- 2013: Revenue of $926K, expenses of $914K, and assets of $19K (revenue +39.7% year-over-year).
- 2012: Revenue of $663K, expenses of $711K, and assets of $15K (revenue +48.0% year-over-year).
- 2011: Revenue of $448K, expenses of $417K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Limitless Potential Inc:
Data Sources and Methodology
This transparency report for Limitless Potential 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.