Snowshoe Foundation Inc

Analysis

Snowshoe Foundation Inc is a registered charity in United States, based in Snowshoe, WV. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Snowshoe Foundation Inc reported income of $502k and spending of $408k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $319k to $502k (+57%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Snowshoe Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within WV. Charities of a similar size with the same main cause include Opl Charities ($501k), Bottineau Ambulance Service ($502k) and United Way of the Columbia Gorge ($501k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $353k against liabilities of $137k, net assets of $217k.