Fusionworks Inc
Fusionworks Inc: Declining Revenue and Assets Raise Concerns
EIN: 222869619 · Cranston, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $50K |
| CEO/Top Officer Pay | $0 |
| Net Assets | $7K |
| Transparency Score | 45/100 |
Is Fusionworks Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fusionworks Inc
Fusionworks Inc (EIN: 222869619) is a nonprofit organization based in Cranston, RI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fusionworks Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fusionworks Inc is a micro nonprofit, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -7.2%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $39K |
| Total Expenses | $50K |
| Surplus / Deficit | $-10,956 |
| Total Assets | $8K |
| Total Liabilities | $496 |
| Net Assets | $7K |
| Operating Margin | -28.2% |
| Debt-to-Asset Ratio | 6.3% |
| Months of Reserves | 1.9 months |
Financial Health Grade: C
In 2018, Fusionworks Inc reported a deficit of $11K with expenses exceeding revenue, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 6.3% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2018), Fusionworks Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -3.6% | -19.8% | -59.7% |
| 2017 | -40.7% | +4.0% | -52.9% |
| 2016 | -28.1% | -26.7% | +12.2% |
| 2015 | +16.3% | +10.1% | +52.0% |
| 2014 | -11.3% | -21.3% | +41.0% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fusionworks Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Fusionworks Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.3%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with reported expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Fusionworks Inc's IRS 990 filings:
- Consistent reporting of 0% for all spending categories (programs, admin, fundraising) and executive compensation raises significant questions about financial transparency and operational reporting.
- Revenue has declined significantly from $94,670 in 2015 to $38,908 in 2018.
- Assets have also seen a substantial decrease from $41,664 in 2016 to $7,907 in 2018.
- The nature of 'other expenses' which account for 100% of total expenses is not detailed, hindering financial analysis.
Strengths
The following positive indicators were identified for Fusionworks Inc:
- The organization consistently reports zero liabilities across all available years, indicating no debt.
Frequently Asked Questions about Fusionworks Inc
Is Fusionworks Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fusionworks Inc (EIN: 222869619) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does Fusionworks Inc spend its money?
Detailed spending breakdown data is not yet available for Fusionworks Inc. Check back for updated IRS 990 analysis.
Are donations to Fusionworks Inc tax-deductible?
Fusionworks Inc is registered as a tax-exempt nonprofit (EIN: 222869619). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fusionworks Inc CEO make?
Fusionworks Inc's highest-compensated officer earns $0 annually. Executive compensation data is disclosed in IRS 990 filings.
Where is Fusionworks Inc located?
Fusionworks Inc is headquartered in Cranston, Rhode Island and files with the IRS under EIN 222869619.
How many years of IRS 990 filings does Fusionworks Inc have?
Fusionworks Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What does Fusionworks Inc do?
Fusionworks Inc is a nonprofit organization in the Unknown sector, located in Cranston, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Fusionworks Inc have?
Fusionworks Inc reported total revenue of N/A. Based on 8 IRS 990 filings on record.
What are Fusionworks Inc's total assets?
Fusionworks Inc holds total assets of N/A as reported in IRS 990 filings.
Where is Fusionworks Inc located?
Fusionworks Inc is based in Cranston, Rhode Island.
What is Fusionworks Inc's EIN?
Fusionworks Inc's Employer Identification Number (EIN) is 222869619. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Fusionworks Inc?
Fusionworks Inc is classified under NTEE code Unknown (Unknown).
Is Fusionworks Inc a registered 501(c)(3)?
Fusionworks Inc appears in IRS records (EIN: 222869619). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Fusionworks Inc file IRS Form 990?
Yes, Fusionworks Inc has 8 IRS Form 990 filings on record. The most recent covers tax period 201806.
What was Fusionworks Inc's revenue in 2018?
In the 201806 filing period, Fusionworks Inc reported total revenue of $38,908, total expenses of $49,864, and net assets of $7,907.
Is Fusionworks Inc's revenue growing or declining?
Fusionworks Inc's revenue is relatively stable. Revenue went from $40,362 (201706) to $38,908 (201806), a -3.6% change. Based on 8 filings on record.
What is Fusionworks Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Fusionworks Inc covers tax period 201806. It shows revenue of $38,908, expenses of $49,864, total assets of $7,907, and liabilities of $496.
Is Fusionworks Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Fusionworks Inc shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for Fusionworks Inc?
The following concerns were identified: Consistent reporting of 0% for all spending categories (programs, admin, fundraising) and executive compensation raises significant questions about financial transparency and operational reporting.. Revenue has declined significantly from $94,670 in 2015 to $38,908 in 2018.. Assets have also seen a substantial decrease from $41,664 in 2016 to $7,907 in 2018.. The nature of 'other expenses' which account for 100% of total expenses is not detailed, hindering financial analysis.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Fusionworks Inc's strengths?
Positive indicators for Fusionworks Inc include: The organization consistently reports zero liabilities across all available years, indicating no debt.. These findings are derived from AI analysis of the organization's financial filings.
How does Fusionworks Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with reported expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for program, administrative, and fundraising expenses, what is the actual operational model and how are funds being utilized?
Without further detail on the 'other expenses' category, it's impossible to determine the operational model or how funds are being utilized, as all traditional spending categories are reported as zero.
What is the explanation for the significant and consistent decline in both revenue and assets over the past several years?
The provided data does not offer an explanation for the consistent decline in revenue and assets, which suggests potential operational challenges or a change in the organization's activities.
Filing History
IRS 990 filing history for Fusionworks Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Fusionworks Inc's revenue has declined by 40.8%, moving from $66K to $39K. Total assets decreased by 58.2% over the same period, from $19K to $8K. Total functional expenses fell by 22%, from $64K to $50K. In its most recent filing year (2018), Fusionworks Inc reported a deficit of $11K, with expenses exceeding revenue. The organization holds $496 in liabilities against $8K in assets (debt-to-asset ratio: 6.3%), resulting in net assets of $7K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $39K | $50K | $8K | $496 | — | View 990 |
| 2017 | $40K | $62K | $20K | $1K | — | View 990 |
| 2016 | $68K | $60K | $42K | $2K | — | View 990 |
| 2015 | $95K | $81K | $37K | $2K | — | View 990 |
| 2014 | $81K | $74K | $24K | $2K | — | View 990 |
| 2013 | $92K | $94K | $17K | $3K | — | View 990 |
| 2012 | $66K | $66K | $19K | $2K | — | View 990 |
| 2011 | $66K | $64K | $19K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $39K, expenses of $50K, and assets of $8K (revenue -3.6% year-over-year).
- 2017: Revenue of $40K, expenses of $62K, and assets of $20K (revenue -40.7% year-over-year).
- 2016: Revenue of $68K, expenses of $60K, and assets of $42K (revenue -28.1% year-over-year).
- 2015: Revenue of $95K, expenses of $81K, and assets of $37K (revenue +16.3% year-over-year).
- 2014: Revenue of $81K, expenses of $74K, and assets of $24K (revenue -11.3% year-over-year).
- 2013: Revenue of $92K, expenses of $94K, and assets of $17K (revenue +38.4% year-over-year).
- 2012: Revenue of $66K, expenses of $66K, and assets of $19K (revenue +0.8% year-over-year).
- 2011: Revenue of $66K, expenses of $64K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fusionworks Inc:
Data Sources and Methodology
This transparency report for Fusionworks Inc 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.