Snow Redfern Memorial Foundation

Analysis

Snow Redfern Memorial Foundation is a registered charity in United States, based in Alliance, NE. It received its IRS tax-exemption ruling in March 1966, 60 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2020, Snow Redfern Memorial Foundation reported income of $340k and spending of $451k, spending 133% of what it took in. Across the 2 years on record, from October 2019 to October 2020, income grew from $173k to $340k (+96%), an average of +96% a year. The sharpest change came in the year to October 2020, when income rose by 96%. Over the whole period it spent 190% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Snow Redfern Memorial Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NE. Charities of a similar size with the same main cause include Norton County Community Foundation Inc ($340k), Madison Visionary Partners ($340k) and River Ridge Farm TR Uw ($340k).

On its Form 990 for the period ending October 2020, revenue came from contributions and grants 46% of the total. Compensation of current officers, directors and key employees was $93k (21% of expenses). At year end it held assets of $8.8m against liabilities of $9,531, net assets of $8.8m. It reported 3 employees.