Spectrum Fusion

Analysis

Spectrum Fusion is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Spectrum Fusion reported income of $123k and spending of $159k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $176k to $123k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spectrum Fusion sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Guardian Angel Center Inc ($122k), Foxboro Discretionary Fund Inc ($123k) and Gladwin County Fair Association ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $92k against liabilities of $33k, net assets of $59k.