Limitless Space Institute Inc

Analysis

Limitless Space Institute Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2020, 6 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 Space Institute Inc reported income of $2.2m and spending of $1.8m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $539k to $2.2m (+316%), an average of +43% a year. The sharpest change came in the year to December 2020, when income rose by 289%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Limitless Space Institute Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Southwestern Educational Society Inc ($2.2m), Sisterreach ($2.2m) and Abintra Montessori School ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $703k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 5 employees.