National Snaffle Bit Association Foundation Inc

Analysis

National Snaffle Bit Association Foundation Inc is a registered charity in United States, based in Weatherford, TX. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, National Snaffle Bit Association Foundation Inc reported income of $814k and spending of $445k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $814k (+104%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 155%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Snaffle Bit Association 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 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Learning Economy Inc ($813k), Safe Haven Youth Program Inc ($814k) and Preschool at Point Washington Inc ($813k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $15k. At year end it held assets of $1.4m against liabilities of $7,908, net assets of $1.4m.