Limitless Ambition Inc

Analysis

Limitless Ambition Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Limitless Ambition Inc reported income of $138k and spending of $112k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $138k (+106%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Limitless Ambition Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within OH. Charities of a similar size with the same main cause include Sienna Crossing Elementary PTO ($138k), Kerby School Parent Teacher Organization ($138k) and Delaware Cooperative Preschool Inc ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 19% of the total. At year end it held assets of $65k against liabilities of $1,385, net assets of $63k.