Map Development Corporation

Analysis

Map Development Corporation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Map Development Corporation reported income of $176k and spending of $264k, spending 150% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $180k to $176k (-2.5%), an average of -0.6% a year. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Map Development Corporation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 47th percentile within RI. Charities of a similar size with the same main cause include Community Housing of Little Rock Inc ($176k), Pacer Inc ($176k) and Harvard Supportive Housing Inc ($176k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $746k against liabilities of $1.4m, net assets of -$624k.