Fuel Fund of Central MD Inc

Analysis

Fuel Fund of Central MD Inc is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in October 1981, 45 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Fuel Fund of Central MD Inc reported income of $5.2m and spending of $4.7m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.3m to $5.2m (+58%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fuel Fund of Central MD Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Housing Benefits ($5.2m), Appalachian Foothills Housing Agency Incorporated ($5.2m) and Shepherds Gate ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $114k (2.4% of expenses). Other salaries and wages came to $312k. At year end it held assets of $7.1m against liabilities of $39k, net assets of $7.0m. It reported 12 employees.