Fuse Preschool Inc

Analysis

Fuse Preschool Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fuse Preschool Inc reported income of $2.7m and spending of $2.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.7m (+85%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fuse Preschool Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Cristo Rey Orange County High School Inc ($2.7m), Covenant Christian Academy ($2.7m) and District Council 5 Apprenticeship and Training Trust Fund ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $387k (14% of expenses). At year end it held assets of $2.8m against liabilities of $2.5m, net assets of $320k. It reported 19 employees.