Peter Snyder Ministries

Analysis

Peter Snyder Ministries is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Peter Snyder Ministries reported income of $150k and spending of $191k, spending 127% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $237k to $150k (-36%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 42%. Over the whole period it spent 67% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Peter Snyder Ministries sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within AZ. Charities of a similar size with the same main cause include Global Reach Ministries Inc ($150k), Wounded Heart Foundation Inc ($150k) and Mission China ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $76k (40% of expenses). At year end it held assets of $798k against liabilities of $628k, net assets of $169k.