Project Snap Inc

Analysis

Project Snap Inc is a registered charity in United States, based in West Bloomfield, MI. It received its IRS tax-exemption ruling in November 2006, 20 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 December 2023, Project Snap Inc reported income of $206k and spending of $240k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $183k to $206k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Project Snap Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include LA Festa Italiana Inc ($206k), Rolla Band Boosters Inc ($206k) and Japanese Embroidery Center Inc ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $106k (44% of expenses). Other salaries and wages came to $6,956. At year end it held assets of $69k against liabilities of $40k, net assets of $29k. It reported 3 employees.