Fractured Atlas Inc

Analysis

Fractured Atlas Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Fractured Atlas Inc reported income of $39.9m and spending of $35.8m, spending 90% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $29.4m to $39.9m (+36%), an average of +7.9% a year. The sharpest change came in the year to August 2022, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fractured Atlas Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include The Hobby Center Foundation ($39.8m), Peabody Essex Museum Inc ($40.1m) and Uss Midway Museum ($39.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 95% and program service revenue 1.6% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $30.6m against liabilities of $151k, net assets of $30.5m. It reported 23 employees.