Is Project Snap Inc Legit?

Quick charity verification for Project Snap Inc (EIN: 205135109)

Verdict: Project Snap Inc appears trustworthy

85/100Mission Score

$206KRevenue

$61KAssets

2Red Flags

3Strengths

Red Flags

Inconsistent revenue generation leading to occasional deficit spending (e.g., 2023 expenses $239,598 vs. revenue $206,152)
Lack of detailed expense breakdown in provided data to fully assess program vs. administrative spending ratios.

Strengths

Consistent reporting of 0% officer compensation, indicating high efficiency in executive spending.
Long operational history with 13 filings, demonstrating resilience and commitment.
Assets consistently exceed liabilities, indicating a generally solvent financial position (e.g., 2023 assets $69,259 vs. liabilities $40,192).

Spending Breakdown

How Project Snap Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Project Snap Inc

Is Project Snap Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Project Snap Inc (EIN: 205135109) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.

Is Project Snap Inc a good charity to donate to?

Project Snap Inc has a Mission Score of 85/100. Revenue: $206K. Assets: $61K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Project Snap Inc?

The Employer Identification Number (EIN) for Project Snap Inc is 205135109. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Project Snap Inc spend its money?

Project Snap Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Project Snap Inc's tax-exempt status?

You can verify Project Snap Inc's tax-exempt status using EIN 205135109 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Project Snap Inc. demonstrates a consistent operational history with revenues generally fluctuating around the $200,000-$250,000 range over the past decade. While the organization has experienced periods of deficit spending, such as in 2023 where expenses ($239,598) exceeded revenue ($206,152), and in 2022 where expenses ($231,606) slightly outpaced revenue ($229,049), it has also had years of surplus, like 2021 (revenue $258,128 vs. expenses $228,708). The organization's assets have shown variability, peaking at $110,294 in 2021 and currently standing at $69,259 in 2023, indicating a fluctuating but generally stable asset base relative to its operational scale.

The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of spending efficiency. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. The organization's liabilities have also varied, from a low of $9,504 in 2014 to a high of $73,053 in 2018, and are currently at $40,192 in 2023, which appears manageable given its asset base.

Overall, Project Snap Inc. appears to be a lean operation, with no reported officer compensation, which is a strong point for transparency and efficiency. The fluctuating financial performance suggests a need for consistent revenue generation to avoid recurring deficits, but its long filing history indicates resilience. A more detailed expense breakdown would further enhance transparency and allow for a more precise evaluation of program spending.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.