Paul Snyder Memorial Foundation Inc

Analysis

Paul Snyder Memorial Foundation Inc is a registered charity in United States, based in Islip Terrace, NY. It received its IRS tax-exemption ruling in June 2009, 17 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 March 2024, Paul Snyder Memorial Foundation Inc reported income of $117k and spending of $107k, spending 91% of its income. Across the 3 years on record, from March 2022 to March 2024, income fell from $189k to $117k (-38%), an average of -21% a year. The sharpest change came in the year to March 2023, when income dropped by 29%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Paul Snyder Memorial Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Strong Little Souls Inc ($117k), Foster Adoption Support Group of Saint Charles County ($117k) and Volunteer Collective ($117k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $141k against liabilities of $0, net assets of $141k.