Operation Snip Inc

Analysis

Operation Snip Inc is a registered charity in United States, based in Largo, FL. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Operation Snip Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $523k to $1.3m (+145%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 101% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Operation Snip Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Forest Park Zoological Society Inc ($1.3m), Pixie Project Inc ($1.3m) and Saint Francis Humane Society Incorporated ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $84k (6.5% of expenses). Other salaries and wages came to $370k. At year end it held assets of $82k against liabilities of $54k, net assets of $28k. It reported 22 employees.