Snyder Senior Care Foundation Inc

Analysis

Snyder Senior Care Foundation Inc is a registered charity in United States, based in Ruidoso, NM. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Snyder Senior Care Foundation Inc reported income of $2.1m and spending of $2.2m, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $3.0m to $2.1m (-29%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Snyder Senior Care Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NM. Charities of a similar size with the same main cause include All Out Caring Inc ($2.1m), Gideons Promise Inc ($2.1m) and Independent Living Center of Kern County ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $135k (6.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $6.8m against liabilities of $4.8m, net assets of $2.0m. It reported 126 employees.