2 for 2 Foundation Inc

Analysis

2 for 2 Foundation Inc is a registered charity in United States, based in Winchester, VA. It received its IRS tax-exemption ruling in March 2023, 3 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 June 2023, 2 for 2 Foundation Inc reported income of $303k and spending of $218k, leaving 28% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $83k to $303k (+264%), an average of +264% a year. The sharpest change came in the year to June 2023, when income rose by 264%. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, 2 for 2 Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Oklahoma Kids Wrestling Association Inc ($303k), Milton American Baseball Inc ($303k) and Festivals of Cedarburg Inc ($303k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $96k against liabilities of $0, net assets of $96k.