Unlimited Potential Inc
EIN: 742383678 · Phoenix, AZ · NTEE: P40Z
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.4M |
| Net Assets | $888K |
Is Unlimited 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 Unlimited Potential Inc
Unlimited Potential Inc (EIN: 742383678) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code P40Z. The organization reported total revenue of $1.8M and total assets of $648K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Unlimited Potential Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Unlimited Potential Inc is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$89K |
| Total Assets | $896K |
| Total Liabilities | $9K |
| Net Assets | $888K |
| Operating Margin | 5.8% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 7.5 months |
Financial Health Grade: A
In 2023, Unlimited Potential Inc reported a surplus of $89K with revenue exceeding expenses, holds 7.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Unlimited Potential Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.8% | +58.9% | +10.7% |
| 2022 | +103.6% | +41.9% | +383.5% |
| 2021 | +116.2% | +117.5% | +101.0% |
| 2020 | +178.4% | +163.0% | +107.4% |
| 2019 | -46.6% | -56.1% | +24.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Unlimited 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 Unlimited 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 $89K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Frequently Asked Questions about Unlimited Potential Inc
Is Unlimited Potential Inc a legitimate charity?
Unlimited Potential Inc (EIN: 742383678) is a registered tax-exempt nonprofit based in Arizona. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. No red flags identified. Financial health grade: A.
How does Unlimited Potential Inc spend its money?
Unlimited Potential Inc reported $1.8M in total revenue 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 Unlimited Potential Inc tax-deductible?
Unlimited Potential Inc is registered as a tax-exempt nonprofit (EIN: 742383678). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Unlimited Potential Inc located?
Unlimited Potential Inc is headquartered in Phoenix, Arizona and files with the IRS under EIN 742383678. It is classified under NTEE code P40Z.
How many years of IRS 990 filings does Unlimited Potential Inc have?
Unlimited 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. The most recent filing shows $1.8M in total revenue.
Filing History
IRS 990 filing history for Unlimited Potential Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Unlimited Potential Inc's revenue has grown by 516.7%, moving from $246K to $1.5M. Total assets increased by 793.1% over the same period, from $100K to $896K. Total functional expenses rose by 572.9%, from $212K to $1.4M. In its most recent filing year (2023), Unlimited Potential Inc reported a surplus of $89K, with revenue exceeding expenses. The organization holds $9K in liabilities against $896K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $888K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.4M | $896K | $9K | — | — |
| 2022 | $1.5M | $899K | $810K | $6K | — | View 990 |
| 2021 | $724K | $633K | $167K | $0 | — | — |
| 2020 | $335K | $291K | $83K | $0 | — | View 990 |
| 2019 | $120K | $111K | $40K | $600 | — | View 990 |
| 2018 | $225K | $252K | $32K | $2K | — | View 990 |
| 2017 | $242K | $293K | $88K | $2K | — | View 990 |
| 2016 | $254K | $246K | $140K | $3K | — | View 990 |
| 2015 | $248K | $172K | $147K | $2K | — | View 990 |
| 2014 | $239K | $280K | $72K | $2K | — | View 990 |
| 2013 | $325K | $337K | $113K | $3K | — | View 990 |
| 2012 | $225K | $201K | $125K | $1K | — | View 990 |
| 2011 | $246K | $212K | $100K | $990 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.4M, and assets of $896K (revenue +2.8% year-over-year).
- 2022: Revenue of $1.5M, expenses of $899K, and assets of $810K (revenue +103.6% year-over-year).
- 2021: Revenue of $724K, expenses of $633K, and assets of $167K (revenue +116.2% year-over-year).
- 2020: Revenue of $335K, expenses of $291K, and assets of $83K (revenue +178.4% year-over-year).
- 2019: Revenue of $120K, expenses of $111K, and assets of $40K (revenue -46.6% year-over-year).
- 2018: Revenue of $225K, expenses of $252K, and assets of $32K (revenue -6.9% year-over-year).
- 2017: Revenue of $242K, expenses of $293K, and assets of $88K (revenue -4.8% year-over-year).
- 2016: Revenue of $254K, expenses of $246K, and assets of $140K (revenue +2.4% year-over-year).
- 2015: Revenue of $248K, expenses of $172K, and assets of $147K (revenue +3.7% year-over-year).
- 2014: Revenue of $239K, expenses of $280K, and assets of $72K (revenue -26.3% year-over-year).
- 2013: Revenue of $325K, expenses of $337K, and assets of $113K (revenue +44.5% year-over-year).
- 2012: Revenue of $225K, expenses of $201K, and assets of $125K (revenue -8.6% year-over-year).
- 2011: Revenue of $246K, expenses of $212K, and assets of $100K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Unlimited Potential Inc:
Data Sources and Methodology
This transparency report for Unlimited 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.