Foundation for the Fuse Network - Licco

Analysis

Foundation for the Fuse Network - Licco is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for the Fuse Network - Licco reported income of $53k and spending of $19k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $88k to $53k (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 682%. Over the whole period it spent 9.4% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation for the Fuse Network - Licco sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within OH. Charities of a similar size with the same main cause include Widows Might ($53k), John L Noyes House Foundation ($53k) and Organization for the Advancement of Afghan Women ($53k).

At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m.