Operation Fuel Inc

Analysis

Operation Fuel Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Operation Fuel Inc reported income of $9.8m and spending of $8.3m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $9.8m (+173%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Operation Fuel Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include Elijah House Foundation ($9.8m), United Residents in Academy Homes II Inc ($9.8m) and Mercy Community Capital ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $5.1m against liabilities of $787k, net assets of $4.3m. It reported 25 employees.