Fusionfest Inc

Analysis

Fusionfest Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Fusionfest Inc reported income of $449k and spending of $537k, spending 120% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $264k to $449k (+70%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 71%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fusionfest Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Harrisburg Community Theatre ($449k), Classic Lyric Arts Inc ($450k) and Arc4justice Inc ($449k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Other salaries and wages came to $27k. It paid $22k in professional fundraising fees. At year end it held assets of $60k against liabilities of $0, net assets of $60k. It reported 2 employees.