The Mark R Fusco Foundation Inc
The Mark R Fusco Foundation: Declining Revenue, High Administrative Costs
EIN: 222566615 · New Haven, CT · Updated: 2026-04-04
Is The Mark R Fusco Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Mark R Fusco Foundation Inc
The Mark R Fusco Foundation Inc (EIN: 222566615) is a nonprofit organization based in New Haven, CT. The organization reported total revenue of $63K and total assets of $311K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Mark R Fusco Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Mark R Fusco Foundation Inc is a micro nonprofit that has been operating for 41 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $31K |
| Surplus / Deficit | $-17,491 |
| Total Assets | $301K |
| Total Liabilities | $1 |
| Net Assets | $301K |
| Operating Margin | -128.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 116.0 months |
Financial Health Grade: B
In 2024, The Mark R Fusco Foundation Inc reported a deficit of $17K with expenses exceeding revenue, holds 116.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), The Mark R Fusco Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +373.9% | -4.5% | -5.5% |
| 2023 | +90.2% | +951.1% | -8.5% |
| 2022 | -63.7% | -5.0% | -0.5% |
| 2021 | +63.4% | +366.0% | +0.3% |
| 2020 | -67.3% | -87.9% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Mark R Fusco Foundation 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, The Mark R Fusco Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports $0 in compensation for all officers, directors, trustees, key employees, and highest compensated employees, which is unusual given the consistent administrative 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 The Mark R Fusco Foundation Inc's IRS 990 filings:
- Zero program service expenses reported across all available years, despite consistent revenue and expenses.
- Significant administrative expenses (e.g., $31,101 in 2024, $32,583 in 2023) with no corresponding program activities.
- Declining revenue trend from $37,115 in 2015 to $6,326 in 2024, while assets remain relatively stable.
- Lack of clear mission or activities described in the provided data, beyond financial figures.
Strengths
The following positive indicators were identified for The Mark R Fusco Foundation Inc:
- The organization maintains a healthy asset base relative to its revenue and expenses, with $311,095 in assets as of 2024.
- No reported liabilities ('l1' or 'l0' consistently indicates low or no liabilities).
Frequently Asked Questions about The Mark R Fusco Foundation Inc
Is The Mark R Fusco Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Mark R Fusco Foundation Inc (EIN: 222566615) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does The Mark R Fusco Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for The Mark R Fusco Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to The Mark R Fusco Foundation Inc tax-deductible?
The Mark R Fusco Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222566615). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does The Mark R Fusco Foundation Inc do?
The Mark R Fusco Foundation Inc is a nonprofit organization in the Unknown sector, located in New Haven, Connecticut. It is classified under NTEE code Unknown.
How much revenue does The Mark R Fusco Foundation Inc have?
The Mark R Fusco Foundation Inc reported total revenue of $63,265. Based on 11 IRS 990 filings on record.
What are The Mark R Fusco Foundation Inc's total assets?
The Mark R Fusco Foundation Inc holds total assets of $311,095 as reported in IRS 990 filings.
Where is The Mark R Fusco Foundation Inc located?
The Mark R Fusco Foundation Inc is based in New Haven, Connecticut.
What is The Mark R Fusco Foundation Inc's EIN?
The Mark R Fusco Foundation Inc's Employer Identification Number (EIN) is 222566615. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Mark R Fusco Foundation Inc?
The Mark R Fusco Foundation Inc is classified under NTEE code Unknown (Unknown).
Is The Mark R Fusco Foundation Inc a registered 501(c)(3)?
The Mark R Fusco Foundation Inc appears in IRS records (EIN: 222566615). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Mark R Fusco Foundation Inc file IRS Form 990?
Yes, The Mark R Fusco Foundation Inc has 11 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was The Mark R Fusco Foundation Inc's revenue in 2024?
In the 202406 filing period, The Mark R Fusco Foundation Inc reported total revenue of $13,610, total expenses of $31,101, and net assets of $300,694.
Is The Mark R Fusco Foundation Inc's revenue growing or declining?
The Mark R Fusco Foundation Inc's revenue is growing. Revenue went from $2,872 (202306) to $13,610 (202406), a +373.9% change. Based on 11 filings on record.
What is The Mark R Fusco Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Mark R Fusco Foundation Inc covers tax period 202406. It shows revenue of $13,610, expenses of $31,101, total assets of $300,694, and liabilities of $1.
Is The Mark R Fusco Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Mark R Fusco Foundation Inc shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 2 strengths noted.
What are the red flags for The Mark R Fusco Foundation Inc?
The following concerns were identified: Zero program service expenses reported across all available years, despite consistent revenue and expenses.. Significant administrative expenses (e.g., $31,101 in 2024, $32,583 in 2023) with no corresponding program activities.. Declining revenue trend from $37,115 in 2015 to $6,326 in 2024, while assets remain relatively stable.. Lack of clear mission or activities described in the provided data, beyond financial figures.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Mark R Fusco Foundation Inc's strengths?
Positive indicators for The Mark R Fusco Foundation Inc include: The organization maintains a healthy asset base relative to its revenue and expenses, with $311,095 in assets as of 2024.. No reported liabilities ('l1' or 'l0' consistently indicates low or no liabilities).. These findings are derived from AI analysis of the organization's financial filings.
How does The Mark R Fusco Foundation Inc compensate executives?
The foundation consistently reports $0 in compensation for all officers, directors, trustees, key employees, and highest compensated employees, which is unusual given the consistent administrative 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% program service expenses and significant administrative costs, what is the actual charitable purpose or impact of The Mark R Fusco Foundation?
Based on the provided data, the foundation's charitable purpose or impact is not evident, as all reported expenses are categorized as administrative or fundraising, with no direct program spending. This raises questions about how the foundation fulfills its tax-exempt status.
Filing History
IRS 990 filing history for The Mark R Fusco Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), The Mark R Fusco Foundation Inc's revenue has grown by 39.6%, moving from $10K to $14K. Total assets decreased by 32.8% over the same period, from $447K to $301K. Total functional expenses fell by 6.8%, from $33K to $31K. In its most recent filing year (2024), The Mark R Fusco Foundation Inc reported a deficit of $17K, with expenses exceeding revenue. The organization holds $1 in liabilities against $301K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $301K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $14K | $31K | $301K | $1 | — | — |
| 2023 | $3K | $33K | $318K | $1 | — | — |
| 2022 | $2K | $3K | $348K | $1 | — | View 990 |
| 2021 | $4K | $3K | $349K | $1 | — | — |
| 2020 | $3K | $700 | $349K | $1 | — | — |
| 2019 | $8K | $6K | $347K | $0 | — | View 990 |
| 2015 | $37K | $34K | $348K | $0 | — | View 990 |
| 2014 | $15K | $38K | $345K | $0 | — | View 990 |
| 2013 | $8K | $46K | $367K | $0 | — | View 990 |
| 2012 | $8K | $50K | $405K | $0 | — | View 990 |
| 2011 | $10K | $33K | $447K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $14K, expenses of $31K, and assets of $301K (revenue +373.9% year-over-year).
- 2023: Revenue of $3K, expenses of $33K, and assets of $318K (revenue +90.2% year-over-year).
- 2022: Revenue of $2K, expenses of $3K, and assets of $348K (revenue -63.7% year-over-year).
- 2021: Revenue of $4K, expenses of $3K, and assets of $349K (revenue +63.4% year-over-year).
- 2020: Revenue of $3K, expenses of $700, and assets of $349K (revenue -67.3% year-over-year).
- 2019: Revenue of $8K, expenses of $6K, and assets of $347K (revenue -79.1% year-over-year).
- 2015: Revenue of $37K, expenses of $34K, and assets of $348K (revenue +141.5% year-over-year).
- 2014: Revenue of $15K, expenses of $38K, and assets of $345K (revenue +91.9% year-over-year).
- 2013: Revenue of $8K, expenses of $46K, and assets of $367K (revenue +1.8% year-over-year).
- 2012: Revenue of $8K, expenses of $50K, and assets of $405K (revenue -19.3% year-over-year).
- 2011: Revenue of $10K, expenses of $33K, and assets of $447K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Mark R Fusco Foundation Inc:
Data Sources and Methodology
This transparency report for The Mark R Fusco Foundation 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.