Rap Snacks Foundation Inc

Analysis

Rap Snacks Foundation Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Rap Snacks Foundation Inc reported income of $134k and spending of $149k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $115k to $134k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 110% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Rap Snacks Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Teen Hope Ministries ($133k), Huerfano County Youth Services ($134k) and Columbia Boys Athletic Association ($133k).

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 $3,942 against liabilities of $0, net assets of $3,942.