The Fuse Network

Analysis

The Fuse Network is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in February 1976, 50 years ago. 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 December 2023, The Fuse Network reported income of $3.6m and spending of $3.8m, spending 105% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.8m to $3.6m (+30%), an average of +5.3% a year. The sharpest change came in the year to December 2019, when income rose by 48%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Fuse Network sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include St Albans Country Day School ($3.6m), Western Hills Youth Soccer Association ($3.6m) and AIDS Resource Alliance Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $148k (3.9% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $2.4m against liabilities of $923k, net assets of $1.5m. It reported 147 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.