Snapcap Inc

Analysis

Snapcap Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Snapcap Inc reported income of $325k and spending of $299k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $200k to $325k (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 92%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Snapcap Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Broach Foundation for Brain Cancer Research ($325k), International Geriatric Diabetes Society Inc ($325k) and Penn Mahoning Ambulance Association ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $127k (42% of expenses). Other salaries and wages came to $99k. At year end it held assets of $352k against liabilities of $8,406, net assets of $344k. It reported 3 employees.