Snip and Tip Inc

Analysis

Snip and Tip Inc is a registered charity in United States, based in Killeen, TX. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Snip and Tip Inc reported income of $77k and spending of $74k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $97k to $77k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 101% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Snip and Tip Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within TX. Charities of a similar size with the same main cause include Sabbath Memorial Dog Rescue Center Inc ($77k), Cat Rescue of Maryland Inc ($77k) and Turtle Rescue League Inc ($77k).

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 $3,686 against liabilities of $0, net assets of $3,686.