Fuse Corps

Analysis

Fuse Corps is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 September 2023, Fuse Corps reported income of $6.7m and spending of $10.6m, spending 158% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $9.0m to $6.7m (-25%), an average of -7.0% a year. The sharpest change came in the year to September 2020, when income rose by 88%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fuse Corps sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include North Texas State Soccer Association Inc ($6.7m), California Emergency Foodlink ($6.7m) and Esperanza Community Services ($6.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $1.5m (14% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $12.6m against liabilities of $514k, net assets of $12.0m.