Syntiro

Analysis

Syntiro is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Syntiro reported income of $662k and spending of $454k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $662k (-66%), an average of -24% a year. The sharpest change came in the year to June 2022, when income dropped by 48%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Syntiro sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within ME. Charities of a similar size with the same main cause include Millennium Education Properties Inc ($662k), Georgia Piedmont Technical College Foundation Inc ($662k) and Plumbers Steamfitters Local 42 Joint Apprentice Training Plan ($662k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $138k (30% of expenses). Other salaries and wages came to $175k. At year end it held assets of $211k against liabilities of $30k, net assets of $181k. It reported 9 employees.