Snap Financial Access

Analysis

Snap Financial Access is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Snap Financial Access reported income of $3.3m and spending of $2.1m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.5m to $3.3m (-49%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Snap Financial Access sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include City of Bridges CLT ($3.3m), Fern Lodge Inc ($3.3m) and Housing Assistance Program of Essex County ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 49% of the total. Other salaries and wages came to $662k. At year end it held assets of $15.1m against liabilities of $5.7m, net assets of $9.5m.