Limitless Foundation

Analysis

Limitless Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Limitless Foundation reported income of $64k and spending of $61k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $147k to $64k (-57%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Limitless Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within IL. Charities of a similar size with the same main cause include One Love Movement ($63k), Charitygiver Org ($64k) and North County Economic Foundation ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,138 against liabilities of $0, net assets of $2,138.