Snack & Friends Inc
Snack & Friends Inc. shows consistent growth but has operated at a deficit in recent years with increasing liabilities.
EIN: 205934666 · New York, NY · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $2.3M |
| Program Spending | 90% |
| Net Assets | $-85,250 |
| Transparency Score | 85/100 |
Is Snack & Friends Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Snack & Friends Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Snack & Friends Inc
Snack & Friends Inc (EIN: 205934666) is a nonprofit organization based in New York, NY, classified under NTEE code P20. The organization reported total revenue of $2.8M and total assets of $812K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Snack & Friends Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Snack & Friends Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-98,047 |
| Total Assets | $608K |
| Total Liabilities | $693K |
| Net Assets | $-85,250 |
| Operating Margin | -4.4% |
| Debt-to-Asset Ratio | 114.0% |
| Months of Reserves | 3.1 months |
Financial Health Grade: C
In 2023, Snack & Friends Inc reported a deficit of $98K with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 114.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Snack & Friends Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.5% | +14.9% | -1.8% |
| 2022 | +35.9% | +27.3% | +31.1% |
| 2021 | -4.0% | -8.8% | -16.2% |
| 2020 | +0.4% | +11.7% | +27.3% |
| 2019 | -1.4% | +8.6% | -7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Snack & Friends 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Snack & Friends Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $98K, with expenses exceeding revenue.
- Debt-to-asset ratio: 114.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive indicator for a nonprofit of its size, suggesting all funds are directed towards programmatic and operational costs.
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 Snack & Friends Inc's IRS 990 filings:
- Expenses consistently exceeding revenue in recent periods (e.g., 2023 and 2022).
- Liabilities ($693,165 in 2023) exceeding assets ($607,915 in 2023), indicating potential solvency issues.
Strengths
The following positive indicators were identified for Snack & Friends Inc:
- Consistent revenue growth over the past decade, indicating expanding reach and support.
- 0% officer compensation reported across all filings, demonstrating high efficiency in executive spending.
- Strong program focus implied by the lack of executive compensation and general growth.
Frequently Asked Questions about Snack & Friends Inc
Is Snack & Friends Inc a legitimate charity?
Snack & Friends Inc (EIN: 205934666) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.8M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Snack & Friends Inc spend its money?
Snack & Friends Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Snack & Friends Inc tax-deductible?
Snack & Friends Inc is registered as a tax-exempt nonprofit (EIN: 205934666). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Snack & Friends Inc's spending goes to programs?
Snack & Friends Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Snack & Friends Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Snack & Friends Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Snack & Friends Inc located?
Snack & Friends Inc is headquartered in New York, New York and files with the IRS under EIN 205934666. It is classified under NTEE code P20.
How many years of IRS 990 filings does Snack & Friends Inc have?
Snack & Friends 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 $2.8M in total revenue.
Is Snack & Friends Inc. financially stable given recent deficits?
While Snack & Friends Inc. has shown consistent revenue growth, it has reported expenses exceeding revenue in recent periods (e.g., 2023 and 2022), leading to operating deficits. Additionally, liabilities have grown significantly, surpassing assets in 2023. This trend warrants closer examination of their financial management and sustainability plans.
How does Snack & Friends Inc.'s officer compensation compare to similar nonprofits?
Snack & Friends Inc. reports 0% officer compensation across all available filings, which is exceptionally low and highly favorable compared to most nonprofits of similar size. This indicates a strong commitment to directing resources to its mission.
What is the trend in Snack & Friends Inc.'s assets and liabilities?
Assets have generally increased over time, from $235,297 in 2015 to $607,915 in 2023. However, liabilities have also seen a significant increase, reaching $693,165 in 2023, which is a concern as liabilities exceeded assets in that period.
Filing History
IRS 990 filing history for Snack & Friends Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Snack & Friends Inc's revenue has grown by 227.2%, moving from $686K to $2.2M. Total assets increased by 687.3% over the same period, from $77K to $608K. Total functional expenses rose by 248.8%, from $672K to $2.3M. In its most recent filing year (2023), Snack & Friends Inc reported a deficit of $98K, with expenses exceeding revenue. The organization holds $693K in liabilities against $608K in assets (debt-to-asset ratio: 114.0%), resulting in net assets of $-85,250.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.3M | $608K | $693K | — | — |
| 2022 | $2.0M | $2.0M | $619K | $607K | — | View 990 |
| 2021 | $1.5M | $1.6M | $472K | $416K | — | — |
| 2020 | $1.5M | $1.8M | $563K | $375K | — | — |
| 2019 | $1.5M | $1.6M | $442K | $27K | — | View 990 |
| 2018 | $1.5M | $1.4M | $476K | $13K | — | View 990 |
| 2017 | $1.4M | $1.3M | $400K | $35K | — | View 990 |
| 2016 | $1.2M | $1.1M | $277K | $19K | — | View 990 |
| 2015 | $1.1M | $1.1M | $235K | $37K | — | View 990 |
| 2014 | $921K | $844K | $260K | $99K | — | View 990 |
| 2013 | $812K | $763K | $118K | $35K | — | View 990 |
| 2012 | $743K | $723K | $62K | $27K | — | View 990 |
| 2011 | $686K | $672K | $77K | $63K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.3M, and assets of $608K (revenue +12.5% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.0M, and assets of $619K (revenue +35.9% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.6M, and assets of $472K (revenue -4.0% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.8M, and assets of $563K (revenue +0.4% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.6M, and assets of $442K (revenue -1.4% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.4M, and assets of $476K (revenue +9.6% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.3M, and assets of $400K (revenue +17.3% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $277K (revenue +5.7% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $235K (revenue +23.7% year-over-year).
- 2014: Revenue of $921K, expenses of $844K, and assets of $260K (revenue +13.4% year-over-year).
- 2013: Revenue of $812K, expenses of $763K, and assets of $118K (revenue +9.2% year-over-year).
- 2012: Revenue of $743K, expenses of $723K, and assets of $62K (revenue +8.3% year-over-year).
- 2011: Revenue of $686K, expenses of $672K, and assets of $77K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Snack & Friends Inc:
Data Sources and Methodology
This transparency report for Snack & Friends 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.