Mapsa Foundation

Analysis

Mapsa Foundation is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Mapsa Foundation reported income of $1.5m and spending of $1.6m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.5m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mapsa Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Working in the Schools ($1.5m), Grad Cincinnati Inc ($1.5m) and Holy Trinity Academy ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $337k (21% of expenses). Other salaries and wages came to $484k. At year end it held assets of $1.2m against liabilities of $431k, net assets of $789k. It reported 10 employees.