Fusion Industry Association
EIN: 863094674 · Washington, DC · NTEE: C35
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $996K |
| Net Assets | $247K |
Is Fusion Industry Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fusion Industry Association
Fusion Industry Association (EIN: 863094674) is a nonprofit organization based in Washington, DC, classified under NTEE code C35. The organization reported total revenue of $1.4M and total assets of $333K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fusion Industry Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fusion Industry Association is a mid-size nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 53.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $996K |
| Surplus / Deficit | +$88K |
| Total Assets | $247K |
| Net Assets | $247K |
| Operating Margin | 8.1% |
| Months of Reserves | 3.0 months |
Financial Health Grade: A
In 2023, Fusion Industry Association reported a surplus of $88K with revenue exceeding expenses, holds 3.0 months of operating reserves (adequate).
Financial Trends
Over 3 years of filings (2021–2023), Fusion Industry Association's revenue has grown at a compound annual growth rate (CAGR) of 53.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +54.9% | +51.6% | +41.2% |
| 2022 | +51.7% | +84.0% | +67.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fusion Industry Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fusion Industry Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $88K, with revenue exceeding expenses.
Frequently Asked Questions about Fusion Industry Association
Is Fusion Industry Association a legitimate charity?
Fusion Industry Association (EIN: 863094674) is a registered tax-exempt nonprofit based in Washington DC. It has 3 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. Financial health grade: A.
How does Fusion Industry Association spend its money?
Fusion Industry Association reported $1.4M in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Fusion Industry Association tax-deductible?
Fusion Industry Association is registered as a tax-exempt nonprofit (EIN: 863094674). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fusion Industry Association located?
Fusion Industry Association is headquartered in Washington, Washington DC and files with the IRS under EIN 863094674. It is classified under NTEE code C35.
How many years of IRS 990 filings does Fusion Industry Association have?
Fusion Industry Association has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.4M in total revenue.
Filing History
IRS 990 filing history for Fusion Industry Association showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Fusion Industry Association's revenue has grown by 134.9%, moving from $461K to $1.1M. Total assets increased by 136.3% over the same period, from $104K to $247K. Total functional expenses rose by 179%, from $357K to $996K. In its most recent filing year (2023), Fusion Industry Association reported a surplus of $88K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $996K | $247K | $0 | — | View 990 |
| 2022 | $700K | $657K | $175K | $0 | — | View 990 |
| 2021 | $461K | $357K | $104K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $996K, and assets of $247K (revenue +54.9% year-over-year).
- 2022: Revenue of $700K, expenses of $657K, and assets of $175K (revenue +51.7% year-over-year).
- 2021: Revenue of $461K, expenses of $357K, and assets of $104K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fusion Industry Association:
Data Sources and Methodology
This transparency report for Fusion Industry Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.