Unlimited Potential Inc

Analysis

Unlimited Potential Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in November 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Unlimited Potential Inc reported income of $1.5m and spending of $1.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $120k to $1.5m (+1160%), an average of +88% a year. The sharpest change came in the year to June 2020, when income rose by 178%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Unlimited Potential Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within AZ. Charities of a similar size with the same main cause include The Arc of Southwest Alabama ($1.5m), Grow Brooklyn Inc ($1.5m) and Baby Academy ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $83k (5.8% of expenses). Other salaries and wages came to $551k. It paid $26k in professional fundraising fees. At year end it held assets of $896k against liabilities of $8,807, net assets of $888k. It reported 25 employees.