Fuel Foundation

Analysis

Fuel Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in January 2014, 12 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Fuel Foundation reported income of $186k and spending of $236k, spending 127% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $160k to $186k (+16%), an average of +16% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fuel Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Charlies Place ($186k), Haines Economic Development Corporation ($186k) and Greater Wealth Works ($186k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $312k against liabilities of $0, net assets of $312k.