Fuse Project

Analysis

Fuse Project is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Fuse Project reported income of $367k and spending of $439k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $435k to $367k (-16%), an average of -4.1% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fuse Project sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within AL. Charities of a similar size with the same main cause include Positive Tomorrows Villa Campus Inc ($367k), Hands for Homeless Inc ($368k) and Pop-Up Birthday Foundation ($367k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $60k (14% of expenses). Other salaries and wages came to $109k. At year end it held assets of $478k against liabilities of $442k, net assets of $37k. It reported 7 employees.