Quick charity verification for Snyder Fam Foundation (EIN: 161575410)
Verdict: Snyder Fam Foundation appears trustworthy
75/100Mission Score
$8.0MRevenue
$7.6MAssets
2Red Flags
4Strengths
Red Flags
Consistent deficit spending: Expenses have exceeded revenue in most recent years (e.g., 2023, 2022, 2020).
Lack of detailed expense breakdown: Without specific program vs. administrative expense figures, it's difficult to fully assess spending efficiency.
Strengths
No reported officer compensation: Indicates a highly efficient or volunteer-led leadership structure.
Very low liabilities: Liabilities consistently reported at $1, demonstrating strong financial health and minimal debt.
Consistent asset growth: Assets have more than doubled from $2,164,795 in 2011 to $4,455,475 in 2023.
Consistent IRS 990 filing history: Demonstrates transparency and compliance with regulatory requirements.
Spending Breakdown
How Snyder Fam Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Snyder Fam Foundation
Is Snyder Fam Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Snyder Fam Foundation (EIN: 161575410) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Snyder Fam Foundation a good charity to donate to?
Snyder Fam Foundation has a Mission Score of 75/100. Revenue: $8.0M. Assets: $7.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Snyder Fam Foundation?
The Employer Identification Number (EIN) for Snyder Fam Foundation is 161575410. 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 Snyder Fam Foundation spend its money?
Snyder Fam Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Snyder Fam Foundation's tax-exempt status?
You can verify Snyder Fam Foundation's tax-exempt status using EIN 161575410 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
The Snyder Fam Foundation demonstrates consistent financial stability with growing assets over the past decade, reaching $4,455,475 in 2023. However, the organization has consistently reported expenses exceeding revenue in recent years, with 2023 showing expenses of $336,100 against revenues of $297,871, and 2022 with expenses of $352,226 against revenues of $233,598. This trend of deficit spending, while potentially covered by prior year surpluses or investment income not fully detailed, warrants closer examination to ensure long-term sustainability. The foundation's liabilities have remained extremely low, often at $1, indicating a strong balance sheet in terms of debt.
The absence of reported officer compensation across all available filings suggests a volunteer-led or very lean administrative structure, which is a positive indicator for donor confidence regarding administrative efficiency. However, without a detailed breakdown of program versus administrative expenses, it's challenging to fully assess spending efficiency. The foundation's consistent filing of IRS Form 990s demonstrates a commitment to regulatory transparency, providing a clear history of its financial operations.