Fusion Homeschooling Inc

Analysis

Fusion Homeschooling Inc is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fusion Homeschooling Inc reported income of $266k and spending of $280k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $238k to $266k (+11%), an average of +12% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fusion Homeschooling Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include Georgetown Isd Education Foundation ($266k), Kensap Inc ($266k) and Gbarnga Lutheran Mission Project Inc ($266k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $48k (17% of expenses). At year end it held assets of $103k against liabilities of $53k, net assets of $51k.