MISSION
Hoop Bus Inc fosters national and international amateur sports competition by finding and training underprivileged athletes to compete in FIBA and Olympic 3x3 basketball competitions; and hosting free events for charitable fundraising.
DEMOGRAPHIC
ADDRESS
705 5TH AVE APT B
90291
COUNTY
los angeles county, CA
IN CARE OF NAME
NATHANIEL KELLY
ORGANIZATIONAL OVERVIEW & RANKINGS
HOOP BUS INC is a based in VENICE, CA, focused on Recreation, Sports, Leisure, Athletics causes , specifically Fund Raising and/or Fund Distribution. Established in February 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $42,166.00, this ranks 592,270 among 2,656,690 nonprofits nationally (Top 23%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 62,080 out of 275,729 organizations in CA (Top 23%).
In los angeles county, CA, the organization ranks 14,981 out of 71,287 nonprofits by assets (Top 22%), while locally in venice, it stands at 62 among 265 organizations (Top 21%).
The organization reported annual revenue of $681,249.00, ranking 155,286 nationally (Top 6%) and 17,189 in CA (Top 7%).
Within its specific NTEE classification (N12 - N: Recreation, Sports, Leisure, Athletics), which includes 5,994 similar organizations, HOOP BUS INC ranks 442 in assets (Top 8%) and 39 in revenue (Top 1%).
The organization files a 990 (all other) or 990EZ return 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
N12: Fund Raising and/or Fund Distribution
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
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
5: $500,000 to $999,999
INCOME AMOUNT
$681,249.00
FORM 990 REVENUE AMOUNT
$681,249.00
RULING DATE
02/2020
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$42,166.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
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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