Friends of Fusion Foundation

Analysis

Friends of Fusion Foundation is a registered charity in United States, based in Hockessin, DE. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Friends of Fusion Foundation reported income of $114k and spending of $85k, leaving 26% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $47k to $114k (+144%), an average of +144% a year. The sharpest change came in the year to June 2024, when income rose by 144%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Fusion Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 35th percentile within DE. Charities of a similar size with the same main cause include Oaks West Church of Christ Testamentary Trust ($114k), Florida After School Inc ($114k) and First Contact Incorporated ($114k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $202k against liabilities of $0, net assets of $202k.