Project Snap Inc
Project Snap Inc. operates with no reported officer compensation, experiencing fluctuating revenues and occasional deficits.
EIN: 205135109 · West Bloomfield, MI · NTEE: A40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $206K |
| Total Expenses | $240K |
| Program Spending | 80% |
| Net Assets | $29K |
| Transparency Score | 85/100 |
Is Project Snap Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project Snap Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Snap Inc
Project Snap Inc (EIN: 205135109) is a nonprofit organization based in West Bloomfield, MI, classified under NTEE code A40. The organization reported total revenue of $206K and total assets of $61K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Snap Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Snap Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $206K |
| Total Expenses | $240K |
| Surplus / Deficit | $-33,446 |
| Total Assets | $69K |
| Total Liabilities | $40K |
| Net Assets | $29K |
| Operating Margin | -16.2% |
| Debt-to-Asset Ratio | 58.0% |
| Months of Reserves | 3.5 months |
Financial Health Grade: C
In 2023, Project Snap Inc reported a deficit of $33K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 58.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Project Snap Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.0% | +3.5% | -28.6% |
| 2022 | -11.3% | +1.3% | -12.1% |
| 2021 | +11.9% | +2.4% | +222.7% |
| 2020 | +25.9% | -11.8% | +26.0% |
| 2019 | -31.0% | -12.8% | -72.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Project Snap Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Project Snap Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 58.0%.
Executive Compensation Analysis
Project Snap Inc. consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly favorable for directing resources to its 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 Project Snap Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Project Snap Inc:
- 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).
Frequently Asked Questions about Project Snap Inc
Is Project Snap Inc a legitimate charity?
Project Snap Inc (EIN: 205135109) is a registered tax-exempt nonprofit based in Michigan. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $206K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Project Snap Inc spend its money?
Project Snap Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Project Snap Inc tax-deductible?
Project Snap Inc is registered as a tax-exempt nonprofit (EIN: 205135109). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Project Snap Inc's spending goes to programs?
Project Snap Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Project Snap Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Project Snap Inc is above average for NTEE category A40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Project Snap Inc located?
Project Snap Inc is headquartered in West Bloomfield, Michigan and files with the IRS under EIN 205135109. It is classified under NTEE code A40.
How many years of IRS 990 filings does Project Snap Inc have?
Project Snap Inc has 13 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 $206K in total revenue.
Is Project Snap Inc. financially stable?
Project Snap Inc. shows fluctuating financial stability. While it has experienced periods of deficit spending (e.g., 2023 with expenses $239,598 exceeding revenue $206,152), it also has years of surplus. Its assets of $69,259 in 2023 are sufficient to cover its liabilities of $40,192, suggesting a manageable financial position despite revenue volatility.
How does Project Snap Inc. manage executive compensation?
Project Snap Inc. reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its officers, which is a strong positive for resource allocation to its mission.
What is the trend in Project Snap Inc.'s revenue?
Project Snap Inc.'s revenue has fluctuated over the past decade, generally ranging between $180,000 and $260,000. For example, revenue was $258,128 in 2021, but dropped to $206,152 in 2023, showing variability rather than a consistent upward or downward trend.
Filing History
IRS 990 filing history for Project Snap Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Project Snap Inc's revenue has grown by 166%, moving from $77K to $206K. Total assets increased by 1024.7% over the same period, from $6K to $69K. Total functional expenses rose by 218.5%, from $75K to $240K. In its most recent filing year (2023), Project Snap Inc reported a deficit of $33K, with expenses exceeding revenue. The organization holds $40K in liabilities against $69K in assets (debt-to-asset ratio: 58.0%), resulting in net assets of $29K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $206K | $240K | $69K | $40K | — | — |
| 2022 | $229K | $232K | $97K | $34K | — | View 990 |
| 2021 | $258K | $229K | $110K | $45K | — | View 990 |
| 2020 | $231K | $223K | $34K | $63K | — | View 990 |
| 2019 | $183K | $253K | $27K | $64K | — | View 990 |
| 2018 | $265K | $290K | $98K | $73K | — | View 990 |
| 2017 | $238K | $190K | $96K | $48K | — | View 990 |
| 2016 | $191K | $209K | $37K | $38K | — | View 990 |
| 2015 | $162K | $197K | $35K | $18K | — | View 990 |
| 2014 | $238K | $213K | $63K | $10K | — | View 990 |
| 2013 | $127K | $104K | $38K | $8K | — | View 990 |
| 2012 | $137K | $116K | $29K | $2K | — | View 990 |
| 2011 | $77K | $75K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $206K, expenses of $240K, and assets of $69K (revenue -10.0% year-over-year).
- 2022: Revenue of $229K, expenses of $232K, and assets of $97K (revenue -11.3% year-over-year).
- 2021: Revenue of $258K, expenses of $229K, and assets of $110K (revenue +11.9% year-over-year).
- 2020: Revenue of $231K, expenses of $223K, and assets of $34K (revenue +25.9% year-over-year).
- 2019: Revenue of $183K, expenses of $253K, and assets of $27K (revenue -31.0% year-over-year).
- 2018: Revenue of $265K, expenses of $290K, and assets of $98K (revenue +11.6% year-over-year).
- 2017: Revenue of $238K, expenses of $190K, and assets of $96K (revenue +24.7% year-over-year).
- 2016: Revenue of $191K, expenses of $209K, and assets of $37K (revenue +17.6% year-over-year).
- 2015: Revenue of $162K, expenses of $197K, and assets of $35K (revenue -31.7% year-over-year).
- 2014: Revenue of $238K, expenses of $213K, and assets of $63K (revenue +87.5% year-over-year).
- 2013: Revenue of $127K, expenses of $104K, and assets of $38K (revenue -7.7% year-over-year).
- 2012: Revenue of $137K, expenses of $116K, and assets of $29K (revenue +77.3% year-over-year).
- 2011: Revenue of $77K, expenses of $75K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Snap Inc:
Data Sources and Methodology
This transparency report for Project Snap Inc 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.