USIT FOUNDATION
HOUSTON,
Texas,
77025
EIN: 81-2766893
Educational Institutions and Related Activities
MISSION
DEMOGRAPHIC
ADDRESS
2906 FAIRHOPE ST
77025
COUNTY
harris county, TX
IN CARE OF NAME
HARVEY D POWERS
ORGANIZATIONAL OVERVIEW & RANKINGS
USIT FOUNDATION is a based in HOUSTON, TX, focused on Educational Institutions and Related Activities causes , specifically Alumni Associations. Established in July 2016, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $145,223.00, this ranks 448,770 among 2,656,690 nonprofits nationally (Top 17%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 29,355 out of 202,022 organizations in TX (Top 15%).
In harris county, TX, the organization ranks 4,311 out of 30,926 nonprofits by assets (Top 14%), while locally in houston, it stands at 3,471 among 22,220 organizations (Top 16%).
The organization reported annual revenue of $171,909.00, ranking 310,323 nationally (Top 12%) and 19,266 in TX (Top 10%).
Within its specific NTEE classification (B84 - B: Educational Institutions and Related Activities), which includes 4,589 similar organizations, USIT FOUNDATION ranks 245 in assets (Top 6%) and 132 in revenue (Top 3%).
The organization files a 990 (all other) or 990EZ return and operates on a July fiscal year. Additional information can be found at HTTP://TEXASUSIT.ORG/WELCOME/.
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
B: Educational Institutions and Related Activities
NTEE CODE
B84: Alumni Associations
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
08/2023
ACCOUNTING PERIOD
08
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$171,909.00
FORM 990 REVENUE AMOUNT
$171,909.00
RULING DATE
07/2016
ASSET CODE
4: $100,000 to $499,999
ASSET AMOUNT
$145,223.00
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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