Smap Foundation Inc

Analysis

Smap Foundation Inc is a registered charity in United States, based in Cerritos, CA. It received its IRS tax-exemption ruling in October 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Smap Foundation Inc reported income of $88k and spending of $71k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $88k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Smap Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include California Pops Orchestra ($88k), Bartow Band Boosters Inc ($88k) and Southeastern Quilt and Textile Museum Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.