North Texas Snap Inc

Analysis

North Texas Snap Inc is a registered charity in United States, based in Colleyville, TX. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, North Texas Snap Inc reported income of $75k and spending of $109k, spending 145% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $155k to $75k (-51%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, North Texas Snap Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within TX. Charities of a similar size with the same main cause include Rampacks ($75k), Hope for Hungry Kids ($75k) and Educating with Hope Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 19% of the total. At year end it held assets of $142k against liabilities of $0, net assets of $142k.