Map Fund Inc

Analysis

Map Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2016, 10 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 June 2023, Map Fund Inc reported income of $2.1m and spending of $4.1m, spending 195% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.9m to $2.1m (-47%), an average of -15% a year. The sharpest change came in the year to June 2021, when income rose by 1817%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Map Fund Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Hambidge Center for Creative Arts & Sciences Inc ($2.1m), San Francisco Maritime National Park Association ($2.1m) and The International Association of Blacks in Dance Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $229k (5.6% of expenses). Other salaries and wages came to $435k. At year end it held assets of $1.9m against liabilities of $59k, net assets of $1.9m. It reported 9 employees.