Snyder Fam Foundation
Snyder Fam Foundation consistently spends more than it earns, relying on assets while reporting no officer compensation.
EIN: 161575410 · Palm Beach, FL · NTEE: T22 · Updated: 2026-03-28
Is Snyder Fam Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Snyder Fam Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Snyder Fam Foundation
Snyder Fam Foundation (EIN: 161575410) is a nonprofit organization based in Palm Beach, FL, classified under NTEE code T22. The organization reported total revenue of $8.0M and total assets of $7.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Snyder Fam Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Snyder Fam Foundation with a Mission Score of 75 out of 100 (Good). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Snyder Fam Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a strong positive for minimizing overhead.
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 Snyder Fam Foundation's IRS 990 filings:
- 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
The following positive indicators were identified for Snyder Fam Foundation:
- 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.
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) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Snyder Fam Foundation spend its money?
Snyder Fam Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Snyder Fam Foundation tax-deductible?
Snyder Fam Foundation is registered as a tax-exempt nonprofit (EIN: 161575410). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Snyder Fam Foundation cover its consistent operating deficits?
The foundation has consistently reported expenses exceeding revenue in recent years (e.g., $336,100 expenses vs. $297,871 revenue in 2023). This suggests they are drawing from their accumulated assets or investment income not fully reflected in the 'Revenue' line item, which grew from $2,164,795 in 2011 to $4,455,475 in 2023.
What are the specific program activities funded by the Snyder Fam Foundation?
The provided data does not detail specific program activities. Further investigation into their 990 filings (Part III, Statement of Program Service Accomplishments) would be necessary to understand their mission execution.
Is the Snyder Fam Foundation's financial model sustainable given its deficit spending?
While the foundation has substantial assets ($4,455,475 in 2023), consistent deficit spending (e.g., $352,226 expenses vs. $233,598 revenue in 2022) without a clear strategy for increasing revenue or reducing expenses could erode its asset base over the long term, impacting sustainability.
Filing History
IRS 990 filing history for Snyder Fam Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Snyder Fam Foundation's revenue has grown by 123.1%, moving from $134K to $298K. Total assets increased by 105.8% over the same period, from $2.2M to $4.5M. Total functional expenses rose by 233.2%, from $101K to $336K. In its most recent filing year (2023), Snyder Fam Foundation reported a deficit of $38K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $298K | $336K | $4.5M | $1 | — | View 990 |
| 2022 | $234K | $352K | $4.5M | $1 | — | View 990 |
| 2021 | $570K | $271K | $4.6M | $1 | — | View 990 |
| 2020 | $264K | $336K | $4.3M | $8K | — | View 990 |
| 2019 | $1.2M | $365K | $4.4M | $1 | — | — |
| 2015 | $121K | $168K | $2.2M | $1 | — | View 990 |
| 2014 | $236K | $141K | $2.3M | $1 | — | View 990 |
| 2013 | $157K | $131K | $2.2M | $1 | — | View 990 |
| 2012 | $112K | $114K | $2.2M | $0 | — | View 990 |
| 2011 | $134K | $101K | $2.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $298K, expenses of $336K, and assets of $4.5M (revenue +27.5% year-over-year).
- 2022: Revenue of $234K, expenses of $352K, and assets of $4.5M (revenue -59.0% year-over-year).
- 2021: Revenue of $570K, expenses of $271K, and assets of $4.6M (revenue +115.7% year-over-year).
- 2020: Revenue of $264K, expenses of $336K, and assets of $4.3M (revenue -77.4% year-over-year).
- 2019: Revenue of $1.2M, expenses of $365K, and assets of $4.4M (revenue +871.8% year-over-year).
- 2015: Revenue of $121K, expenses of $168K, and assets of $2.2M (revenue -48.9% year-over-year).
- 2014: Revenue of $236K, expenses of $141K, and assets of $2.3M (revenue +50.4% year-over-year).
- 2013: Revenue of $157K, expenses of $131K, and assets of $2.2M (revenue +40.6% year-over-year).
- 2012: Revenue of $112K, expenses of $114K, and assets of $2.2M (revenue -16.4% year-over-year).
- 2011: Revenue of $134K, expenses of $101K, and assets of $2.2M.
Data Sources and Methodology
This transparency report for Snyder Fam 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.