Fuego Corporation

Analysis

Fuego Corporation is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Fuego Corporation reported income of $1.2m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $859k to $1.2m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 91% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Fuego Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within KY. Charities of a similar size with the same main cause include Science of Sport ($1.2m), Boys & Girls Club of Allentown ($1.2m) and Central Coast Link ($1.2m).

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 $116k (10% of expenses). Other salaries and wages came to $277k. At year end it held assets of $103k against liabilities of $0, net assets of $103k. It reported 14 employees.