Love Has No Limits Inc

Analysis

Love Has No Limits Inc is a registered charity in United States, based in San Clemente, CA. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Love Has No Limits Inc reported income of $4.0m and spending of $5.1m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $340k to $4.0m (+1071%), an average of +85% a year. The sharpest change came in the year to December 2021, when income rose by 281%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Love Has No Limits Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Illinois Arts Alliance ($4.0m), Arc Xvi Fort Washington Inc ($4.0m) and St Lukes Health Foundation of Sioux City Iowa ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $515k (10% of expenses). At year end it held assets of $489k against liabilities of $20k, net assets of $470k. It reported 4 employees.