FORMULA ELITE INC
CHATSWORTH,
California,
91311
EIN: 46-5191204
Recreation, Sports, Leisure, Athletics
MISSION
INAE WILSON
DEMOGRAPHIC
ADDRESS
9340 PENFIELD AVE
91311
COUNTY
los angeles county, CA
ORGANIZATIONAL OVERVIEW & RANKINGS
FORMULA ELITE INC is a based in CHATSWORTH, CA, focused on Recreation, Sports, Leisure, Athletics causes , specifically Basketball. Established in November 2015, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $1.00, this ranks 814,621 among 2,656,690 nonprofits nationally (Top 31%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 92,045 out of 275,729 organizations in CA (Top 34%).
In los angeles county, CA, the organization ranks 21,881 out of 71,287 nonprofits by assets (Top 31%), while locally in chatsworth, it stands at 131 among 380 organizations (Top 33%).
The organization reported annual revenue of $43,636.00, ranking 511,644 nationally (Top 20%) and 56,756 in CA (Top 21%).
Within its specific NTEE classification (N62 - N: Recreation, Sports, Leisure, Athletics), which includes 5,574 similar organizations, FORMULA ELITE INC ranks 1,237 in assets (Top 23%) and 810 in revenue (Top 15%).
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
N: Recreation, Sports, Leisure, Athletics
NTEE CODE
N62: Basketball
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2020
ACCOUNTING PERIOD
12
INCOME CODE
3: $25,000 to $99,999
INCOME AMOUNT
$43,636.00
FORM 990 REVENUE AMOUNT
$43,636.00
RULING DATE
11/2015
ASSET CODE
1: $1 to $9,999
ASSET AMOUNT
$1.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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