Fusion Partnerships Inc

Analysis

Fusion Partnerships Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 2000, 26 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 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, Fusion Partnerships Inc reported income of $14.9m and spending of $16.0m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.6m to $14.9m (+74%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 88%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fusion Partnerships Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Uptown Reinvestment Corporation Inc ($14.9m), Lakeside Association ($14.9m) and The Lambs Farm Inc ($14.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Other salaries and wages came to $6.3m. At year end it held assets of $7.3m against liabilities of $441k, net assets of $6.9m. It reported 340 employees.