U Foundation

Analysis

U Foundation is a registered charity in United States, based in Plainfield, IN. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, U Foundation reported income of $55k and spending of $23k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $57k to $55k (-3.6%), an average of -3.6% a year. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, U Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within IN. Charities of a similar size with the same main cause include Lebanon Little League Inc ($55k), Junior Football League of Central Illinois ($55k) and Bloomington Youth Lacrosseassociation ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $120. At year end it held assets of $32k against liabilities of $32k, net assets of $0.