Snack & Friends Inc

Analysis

Snack & Friends Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Snack & Friends Inc reported income of $2.2m and spending of $2.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.2m (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Snack & Friends Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Children and Family Institute Incorporated ($2.2m), The Center for Trauma & Resilience ($2.2m) and Rethreaded Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $92k (3.9% of expenses). Other salaries and wages came to $578k. At year end it held assets of $608k against liabilities of $693k, net assets of -$85k. It reported 62 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.