Fugees Family Inc

Analysis

Fugees Family Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in November 2006, 20 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 (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, Fugees Family Inc reported income of $6.2m and spending of $3.3m, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $6.2m (+189%), an average of +30% a year. The sharpest change came in the year to June 2022, when income rose by 305%. Over the whole period it spent 47% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fugees Family Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include North American Hockey League ($6.2m), United Soccer Coaches Association ($6.2m) and Major League Baseball Youth Foundation ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $253k (7.8% of expenses). Other salaries and wages came to $849k. At year end it held assets of $21.9m against liabilities of $3.4m, net assets of $18.5m. It reported 29 employees.