Success Unlimited Inc

Analysis

Success Unlimited Inc is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2024, Success Unlimited Inc reported income of $588k and spending of $531k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $497k to $588k (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2024, when income rose by 29%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Success Unlimited Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within ND. Charities of a similar size with the same main cause include Direct Selling Education Foundation ($588k), Main Street Corridor Development Corporation ($588k) and Anne Arundel Conflict Resolution Center Inc ($588k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $101k (19% of expenses). Other salaries and wages came to $218k. At year end it held assets of $135k against liabilities of $19k, net assets of $115k. It reported 27 employees.