Snitch Network Corporation

Analysis

Snitch Network Corporation is a registered charity in United States, based in Saylorsburg, PA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Snitch Network Corporation reported income of $90k and spending of $71k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $123k to $90k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Snitch Network Corporation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within PA. Charities of a similar size with the same main cause include Atutu ($90k), 1000 Dollar Start-Ups Consortium ($90k) and National Coalition of 100 Black Women Silicon Valley Chapter ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,739 against liabilities of $4,701, net assets of -$962.