Fusion Global Inc

Analysis

Fusion Global Inc is a registered charity in United States, based in North Hollywood, CA. It received its IRS tax-exemption ruling in May 2016, 10 years ago. 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, Fusion Global Inc reported income of $2.4m and spending of $2.1m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $824k to $2.4m (+193%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fusion Global Inc 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 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include The Diaper Bank of Connecticut Inc ($2.4m), Veteran Pathways of New England Inc ($2.4m) and Ocean Reef Chapel Foundation Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $224k (11% of expenses). Other salaries and wages came to $26k. At year end it held assets of $1.6m against liabilities of $304k, net assets of $1.3m. It reported 2 employees.