Unlimited Potential Inc

Analysis

Unlimited Potential Inc is a registered charity in United States, based in Warsaw, IN. It received its IRS tax-exemption ruling in November 1981, 45 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Unlimited Potential Inc reported income of $992k and spending of $1.3m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $992k (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Unlimited Potential Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include The Skating Club of Wilmington Inc ($991k), West Pines United Futbol Club Inc ($993k) and Reading Ice Arena Authority Inc ($990k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $196k (15% of expenses). Other salaries and wages came to $629k. At year end it held assets of $2.0m against liabilities of $3,118, net assets of $2.0m. It reported 11 employees.