Snapkids Inc

Analysis

Snapkids Inc is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Snapkids Inc reported income of $75k and spending of $58k, leaving 23% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $46k to $75k (+63%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 130%. Over the whole period it spent 51% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Snapkids Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Kodiak Kid Wrestling Club ($75k), Muskego Girls Basketball Association Inc ($75k) and Trousdell Gymnastics Center Booster Club Inc ($75k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $27k. At year end it held assets of $220k against liabilities of $2,719, net assets of $217k. It reported 4 employees.