Fuerza Y Union Multiple

Analysis

Fuerza Y Union Multiple is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Fuerza Y Union Multiple reported income of $254k and spending of $289k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $372k to $254k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fuerza Y Union Multiple sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Pennsylvania Farm Link Inc ($254k), Grant Housing and Economic Development Corporation Inc ($254k) and Fernandina Beach Main Street Foundation Inc ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $48k (17% of expenses). At year end it held assets of $30k against liabilities of $0, net assets of $30k.