U2 ELITE FOUNDATION
WILMINGTON,
Delaware,
19804
EIN: 92-1653954
Recreation, Sports, Leisure, Athletics
DEMOGRAPHIC
ADDRESS
401 E AYRE ST
19804
COUNTY
new castle county, DE
ORGANIZATIONAL OVERVIEW & RANKINGS
U2 ELITE FOUNDATION is a based in WILMINGTON, DE, focused on Recreation, Sports, Leisure, Athletics causes , specifically Basketball. Established in August 2023, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $15,975.00, this ranks 668,641 among 2,656,690 nonprofits nationally (Top 26%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 4,564 out of 12,383 organizations in DE (Top 37%).
In new castle county, DE, the organization ranks 3,792 out of 8,347 nonprofits by assets (Top 46%), while locally in wilmington, it stands at 3,213 among 5,389 organizations (Top 60%).
The organization reported annual revenue of $28,820.00, ranking 543,584 nationally (Top 21%) and 1,893 in DE (Top 16%).
Within its specific NTEE classification (N62 - N: Recreation, Sports, Leisure, Athletics), which includes 5,574 similar organizations, U2 ELITE FOUNDATION ranks 750 in assets (Top 14%) and 901 in revenue (Top 17%).
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
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
3: $25,000 to $99,999
INCOME AMOUNT
$28,820.00
FORM 990 REVENUE AMOUNT
$28,820.00
RULING DATE
08/2023
ASSET CODE
2: $10,000 to $24,999
ASSET AMOUNT
$15,975.00
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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