Fusion-Community Center of North Jersey

Analysis

Fusion-Community Center of North Jersey is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in June 2018, 8 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fusion-Community Center of North Jersey reported income of $688k and spending of $380k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $688k (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 128%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fusion-Community Center of North Jersey sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Invest in Neighborhoods Inc ($688k), Share the Warmth ($688k) and Cdfi Friendly South Bend ($687k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $3.8m against liabilities of $2.8m, net assets of $959k.