Philip Snyder Foundation
Philip Snyder Foundation maintains strong asset growth and minimal liabilities with volunteer leadership.
EIN: 204052717 · Providence, RI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $126K |
| Total Expenses | $111K |
| Program Spending | 85% |
| Net Assets | $2.0M |
| Transparency Score | 88/100 |
Is Philip Snyder Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Philip Snyder Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Philip Snyder Foundation
Philip Snyder Foundation (EIN: 204052717) is a nonprofit organization based in Providence, RI, classified under NTEE code T20. The organization reported total revenue of $126K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Philip Snyder Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Philip Snyder Foundation is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $253K |
| Total Expenses | $111K |
| Surplus / Deficit | +$142K |
| Total Assets | $2.0M |
| Total Liabilities | $1 |
| Net Assets | $2.0M |
| Operating Margin | 56.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 220.2 months |
Financial Health Grade: A
In 2023, Philip Snyder Foundation reported a surplus of $142K with revenue exceeding expenses, holds 220.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Philip Snyder Foundation's revenue has grown at a compound annual growth rate (CAGR) of 23.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +118.1% | -5.7% | +15.2% |
| 2022 | -2.4% | -0.3% | -20.2% |
| 2021 | +218.3% | +24.2% | +24.7% |
| 2020 | -35.9% | +11.4% | +13.9% |
| 2019 | -13.6% | +0.1% | +27.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Philip Snyder Foundation with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Philip Snyder Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $142K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Philip Snyder Foundation consistently reports 0% officer compensation across all available filings, indicating a volunteer-led organization. This practice significantly reduces administrative overhead and allows a greater proportion of funds to be allocated to the foundation's mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Philip Snyder Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for Philip Snyder Foundation:
- Consistent asset growth, reaching $2,284,072 in the latest period, indicating strong financial stewardship.
- Minimal liabilities (typically $1) across all filings, demonstrating excellent financial health and low risk.
- 0% officer compensation reported, suggesting a volunteer-driven model that maximizes funds for mission.
- Revenue significantly exceeded expenses in 2023 ($252,904 vs. $111,342), allowing for reserve building.
- Long filing history (10 filings) indicates consistent compliance and operational longevity.
Frequently Asked Questions about Philip Snyder Foundation
Is Philip Snyder Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Philip Snyder Foundation (EIN: 204052717) some concerns. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
How does Philip Snyder Foundation spend its money?
Philip Snyder Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Philip Snyder Foundation tax-deductible?
Philip Snyder Foundation is registered as a tax-exempt nonprofit (EIN: 204052717). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Philip Snyder Foundation's spending goes to programs?
Philip Snyder Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Philip Snyder Foundation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Philip Snyder Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Philip Snyder Foundation located?
Philip Snyder Foundation is headquartered in Providence, Rhode Island and files with the IRS under EIN 204052717. It is classified under NTEE code T20.
How many years of IRS 990 filings does Philip Snyder Foundation have?
Philip Snyder Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $126K in total revenue.
What are the specific programs or grants the Philip Snyder Foundation supports?
The provided IRS 990 data does not detail the specific programs or grants supported by the Philip Snyder Foundation. Further investigation into their public disclosures or website would be necessary to understand their programmatic activities.
How does the foundation manage its significant assets of over $2.2 million?
The IRS 990 data shows consistent asset growth, reaching $2,284,072. While the filings confirm the asset value, they do not provide details on the investment strategies or management of these assets. This information would typically be found in the organization's financial statements or investment policies.
What is the primary source of the foundation's revenue?
The IRS 990 data indicates fluctuating revenue, with a high of $252,904 in 2023. However, the filings do not specify the primary sources of this revenue (e.g., donations, investment income, grants). This detail is crucial for understanding the sustainability of its funding model.
Filing History
IRS 990 filing history for Philip Snyder Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Philip Snyder Foundation's revenue has grown by 1103.8%, moving from $21K to $253K. Total assets increased by 132.5% over the same period, from $879K to $2.0M. Total functional expenses rose by 110%, from $53K to $111K. In its most recent filing year (2023), Philip Snyder Foundation reported a surplus of $142K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $253K | $111K | $2.0M | $1 | — | — |
| 2022 | $116K | $118K | $1.8M | $1 | — | View 990 |
| 2021 | $119K | $118K | $2.2M | $1 | — | View 990 |
| 2020 | $37K | $95K | $1.8M | $1 | — | View 990 |
| 2019 | $58K | $86K | $1.6M | $1 | — | View 990 |
| 2015 | $67K | $86K | $1.2M | $1 | — | View 990 |
| 2014 | $61K | $68K | $1.3M | $1 | — | View 990 |
| 2013 | $52K | $57K | $1.2M | $1 | — | View 990 |
| 2012 | $22K | $56K | $931K | $1 | — | View 990 |
| 2011 | $21K | $53K | $879K | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $253K, expenses of $111K, and assets of $2.0M (revenue +118.1% year-over-year).
- 2022: Revenue of $116K, expenses of $118K, and assets of $1.8M (revenue -2.4% year-over-year).
- 2021: Revenue of $119K, expenses of $118K, and assets of $2.2M (revenue +218.3% year-over-year).
- 2020: Revenue of $37K, expenses of $95K, and assets of $1.8M (revenue -35.9% year-over-year).
- 2019: Revenue of $58K, expenses of $86K, and assets of $1.6M (revenue -13.6% year-over-year).
- 2015: Revenue of $67K, expenses of $86K, and assets of $1.2M (revenue +11.5% year-over-year).
- 2014: Revenue of $61K, expenses of $68K, and assets of $1.3M (revenue +15.8% year-over-year).
- 2013: Revenue of $52K, expenses of $57K, and assets of $1.2M (revenue +142.3% year-over-year).
- 2012: Revenue of $22K, expenses of $56K, and assets of $931K (revenue +2.7% year-over-year).
- 2011: Revenue of $21K, expenses of $53K, and assets of $879K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Philip Snyder Foundation:
Data Sources and Methodology
This transparency report for Philip Snyder Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.