Fusion-Friends United to Shelter the Indigent Oppressed and Needy

Analysis

Fusion-Friends United to Shelter the Indigent Oppressed and Needy is a registered charity in United States, based in Federal Way, WA. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fusion-Friends United to Shelter the Indigent Oppressed and Needy reported income of $2.9m and spending of $2.6m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $753k to $2.9m (+291%), an average of +41% a year. The sharpest change came in the year to December 2020, when income rose by 291%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fusion-Friends United to Shelter the Indigent Oppressed and Needy sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Helping Hand Home for Children Foundation ($2.9m), Woods Hollow Childrens Center Inc ($2.9m) and Therapeutic Living Services Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $116k (4.5% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $10.9m against liabilities of $6.2m, net assets of $4.7m. It reported 58 employees.