No Limits Theater Group Inc

Analysis

No Limits Theater Group Inc is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, No Limits Theater Group Inc reported income of $1.7m and spending of $1.5m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.7m (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, No Limits Theater Group 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 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Asian Community & Cultural Center ($1.7m), Warhawk Air Museum Inc ($1.7m) and Turnaround Arts California ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $197k (13% of expenses). Other salaries and wages came to $439k. At year end it held assets of $2.2m against liabilities of $525k, net assets of $1.6m. It reported 32 employees.