Fuse Innovation Fund

Analysis

Fuse Innovation Fund is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 June 2023, Fuse Innovation Fund reported income of $1.4m and spending of $1.1m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.3m to $1.4m (+6.2%), an average of +1.5% a year. The sharpest change came in the year to December 2020, when income rose by 65%. Over the whole period it spent 99% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Fuse Innovation Fund sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Terracorps Inc ($1.4m), South Carolina Environmental Law Project Inc ($1.4m) and Reef Check Foundation ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $63k (5.9% of expenses). Other salaries and wages came to $494k. At year end it held assets of $779k against liabilities of $378k, net assets of $401k.