Unlimited Development Inc

Analysis

Unlimited Development Inc is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Unlimited Development Inc reported income of $118.9m and spending of $121.9m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $108.2m to $118.9m (+9.8%), an average of +2.4% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Unlimited Development Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Way Finders Inc ($113.1m), H E L P USA Inc ($122.6m) and National Church Residences ($109.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $46k (0.0% of expenses). Other salaries and wages came to $58.6m. At year end it held assets of $118.8m against liabilities of $68.6m, net assets of $50.2m. It reported 2,564 employees.