Is Fusion Friends United To Shelter The Indigent Oppressed And Needy Legit?
Quick charity verification for Fusion Friends United To Shelter The Indigent Oppressed And Needy (EIN: 10814641)
Verdict: Fusion Friends United To Shelter The Indigent Oppressed And Needy appears trustworthy
85/100Mission Score
$3.5MRevenue
$10.5MAssets
2Red Flags
5Strengths
Red Flags
Increasing liabilities: Liabilities have grown significantly from $1,121,911 in 2014 to $6,156,257 in 2023, which could indicate reliance on debt or other obligations.
Lack of detailed expense breakdown: Without specific percentages for program, administrative, and fundraising expenses, it's harder to fully assess spending efficiency.
Strengths
Strong revenue growth: Revenue increased from $482,830 in 2014 to $2,944,553 in 2023, demonstrating expanding financial capacity.
Significant asset accumulation: Assets grew from $1,987,708 in 2014 to $10,852,880 in 2023, indicating financial stability and capacity.
Zero officer compensation: Consistently reporting 0% officer compensation across all filings is a strong indicator of dedication to mission and financial transparency.
Positive net assets: Despite increasing liabilities, net assets (Assets - Liabilities) have grown, from $865,797 in 2014 to $4,696,623 in 2023, showing a healthy financial position.
Mission alignment: NTEE code P85 (Housing, Shelter) aligns directly with the organization's name and stated purpose, suggesting a focused mission.
Spending Breakdown
How Fusion Friends United To Shelter The Indigent Oppressed And Needy allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Fusion Friends United To Shelter The Indigent Oppressed And Needy
Is Fusion Friends United To Shelter The Indigent Oppressed And Needy a legitimate charity?
Based on AI analysis of IRS 990 filings, Fusion Friends United To Shelter The Indigent Oppressed And Needy (EIN: 10814641) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Fusion Friends United To Shelter The Indigent Oppressed And Needy a good charity to donate to?
Fusion Friends United To Shelter The Indigent Oppressed And Needy has a Mission Score of 85/100. Revenue: $3.5M. Assets: $10.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fusion Friends United To Shelter The Indigent Oppressed And Needy?
The Employer Identification Number (EIN) for Fusion Friends United To Shelter The Indigent Oppressed And Needy is 10814641. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Fusion Friends United To Shelter The Indigent Oppressed And Needy spend its money?
Fusion Friends United To Shelter The Indigent Oppressed And Needy allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fusion Friends United To Shelter The Indigent Oppressed And Needy's tax-exempt status?
You can verify Fusion Friends United To Shelter The Indigent Oppressed And Needy's tax-exempt status using EIN 10814641 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Fusion Friends United To Shelter The Indigent Oppressed And Needy (FFUTSION) demonstrates a generally healthy financial position with consistent growth in assets and revenue over the past decade. In 2023, the organization reported revenue of $2,944,553 against expenses of $2,576,228, indicating a surplus that contributes to its growing asset base of $10,852,880. While the organization has shown strong revenue growth, particularly a significant jump from $1,701,064 in 2022 to $2,944,553 in 2023, its liabilities have also increased, reaching $6,156,257 in 2023. This suggests a reliance on debt or other obligations to fund its operations or asset acquisition.
Spending efficiency appears reasonable, with expenses generally tracking below revenue, allowing for asset accumulation. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is limited. The organization's NTEE code P85 (Housing, Shelter) aligns well with its mission, suggesting a focused programmatic approach.
Overall, FFUTSION exhibits financial stability and growth, with a commendable stance on executive compensation. Further transparency regarding the allocation of expenses into program, administrative, and fundraising categories would enhance its financial health assessment and provide a clearer picture of its operational efficiency. The increasing liabilities warrant monitoring to ensure long-term financial sustainability.