No Limits Foundation
No Limits Foundation shows fluctuating financial health with recurring deficits but zero officer compensation.
EIN: 203144444 · Wales, ME · NTEE: E60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $944K |
| Total Expenses | $737K |
| Program Spending | 85% |
| Net Assets | $203K |
| Transparency Score | 75/100 |
Is No Limits Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
No Limits Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About No Limits Foundation
No Limits Foundation (EIN: 203144444) is a nonprofit organization based in Wales, ME, classified under NTEE code E60. The organization reported total revenue of $944K and total assets of $498K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of No Limits Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
No Limits Foundation is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $615K |
| Total Expenses | $737K |
| Surplus / Deficit | $-121,351 |
| Total Assets | $216K |
| Total Liabilities | $13K |
| Net Assets | $203K |
| Operating Margin | -19.7% |
| Debt-to-Asset Ratio | 5.9% |
| Months of Reserves | 3.5 months |
Financial Health Grade: B
In 2023, No Limits Foundation reported a deficit of $121K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 5.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), No Limits Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.1% | +18.1% | -36.1% |
| 2022 | +10.2% | +37.9% | -23.2% |
| 2021 | +73.9% | +12.4% | +12.5% |
| 2020 | -47.2% | -51.6% | +3.0% |
| 2019 | -32.1% | +14.5% | -37.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates No Limits Foundation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, No Limits Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $121K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly commendable and suggests that all leadership roles are either volunteer-based or compensated through other means not classified as officer compensation, maximizing funds for the mission.
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 No Limits Foundation's IRS 990 filings:
- Recurring operational deficits (e.g., 2023: $121,351 deficit; 2022: $32,691 deficit)
- Fluctuating revenue streams, making long-term financial planning potentially challenging
- Significant decrease in assets from 2018 ($607,449) to 2023 ($216,222)
Strengths
The following positive indicators were identified for No Limits Foundation:
- Consistent 0% officer compensation, indicating strong commitment to mission spending
- Maintained a positive asset base despite operational deficits
- Long filing history (13 filings) suggests established operations
Frequently Asked Questions about No Limits Foundation
Is No Limits Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, No Limits Foundation (EIN: 203144444) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does No Limits Foundation spend its money?
No Limits Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to No Limits Foundation tax-deductible?
No Limits Foundation is registered as a tax-exempt nonprofit (EIN: 203144444). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of No Limits Foundation's spending goes to programs?
No Limits Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does No Limits Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), No Limits Foundation is above average for NTEE category E60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is No Limits Foundation located?
No Limits Foundation is headquartered in Wales, Maine and files with the IRS under EIN 203144444. It is classified under NTEE code E60.
How many years of IRS 990 filings does No Limits Foundation have?
No Limits Foundation 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. The most recent filing shows $944K in total revenue.
Is No Limits Foundation financially stable?
No Limits Foundation's financial stability is mixed. While it has a healthy asset base (e.g., $216,222 in 2023), it has experienced several years where expenses exceeded revenue, such as in 2023 ($736,843 expenses vs. $615,492 revenue) and 2022 ($624,167 expenses vs. $591,476 revenue), indicating potential operational deficits.
How efficient is No Limits Foundation with its spending?
The organization appears highly efficient in terms of executive compensation, consistently reporting 0% for officers. This suggests a strong focus on directing funds to programs rather than high salaries. However, without a detailed breakdown of program vs. administrative expenses, a full efficiency assessment is challenging.
What is the trend in No Limits Foundation's revenue?
No Limits Foundation's revenue has fluctuated over the years. It saw a peak of $861,063 in 2018, but has since seen variations, with $615,492 in 2023 and $591,476 in 2022, indicating inconsistent revenue generation.
Filing History
IRS 990 filing history for No Limits Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), No Limits Foundation's revenue has grown by 264.8%, moving from $169K to $615K. Total assets increased by 199.7% over the same period, from $72K to $216K. Total functional expenses rose by 421.3%, from $141K to $737K. In its most recent filing year (2023), No Limits Foundation reported a deficit of $121K, with expenses exceeding revenue. The organization holds $13K in liabilities against $216K in assets (debt-to-asset ratio: 5.9%), resulting in net assets of $203K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $615K | $737K | $216K | $13K | — | — |
| 2022 | $591K | $624K | $338K | $20K | — | View 990 |
| 2021 | $537K | $453K | $441K | $19K | — | View 990 |
| 2020 | $309K | $403K | $392K | $57K | — | View 990 |
| 2019 | $584K | $832K | $380K | $12K | — | View 990 |
| 2018 | $861K | $726K | $607K | $7K | — | View 990 |
| 2017 | $571K | $566K | $463K | $11K | — | View 990 |
| 2016 | $595K | $507K | $438K | $7K | — | View 990 |
| 2015 | $632K | $462K | $344K | $181 | — | View 990 |
| 2014 | $417K | $372K | $191K | $17K | — | View 990 |
| 2013 | $288K | $262K | $137K | $8K | — | View 990 |
| 2012 | $224K | $191K | $106K | $3K | — | View 990 |
| 2011 | $169K | $141K | $72K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $615K, expenses of $737K, and assets of $216K (revenue +4.1% year-over-year).
- 2022: Revenue of $591K, expenses of $624K, and assets of $338K (revenue +10.2% year-over-year).
- 2021: Revenue of $537K, expenses of $453K, and assets of $441K (revenue +73.9% year-over-year).
- 2020: Revenue of $309K, expenses of $403K, and assets of $392K (revenue -47.2% year-over-year).
- 2019: Revenue of $584K, expenses of $832K, and assets of $380K (revenue -32.1% year-over-year).
- 2018: Revenue of $861K, expenses of $726K, and assets of $607K (revenue +50.8% year-over-year).
- 2017: Revenue of $571K, expenses of $566K, and assets of $463K (revenue -4.0% year-over-year).
- 2016: Revenue of $595K, expenses of $507K, and assets of $438K (revenue -6.0% year-over-year).
- 2015: Revenue of $632K, expenses of $462K, and assets of $344K (revenue +51.6% year-over-year).
- 2014: Revenue of $417K, expenses of $372K, and assets of $191K (revenue +44.9% year-over-year).
- 2013: Revenue of $288K, expenses of $262K, and assets of $137K (revenue +28.7% year-over-year).
- 2012: Revenue of $224K, expenses of $191K, and assets of $106K (revenue +32.5% year-over-year).
- 2011: Revenue of $169K, expenses of $141K, and assets of $72K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for No Limits Foundation:
Data Sources and Methodology
This transparency report for No Limits Foundation 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.