Enc Inc Syntex Corporation

Analysis

Enc Inc Syntex Corporation is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in February 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Enc Inc Syntex Corporation reported income of $489k and spending of $433k, spending 89% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $309k to $489k (+58%), an average of +12% a year. The sharpest change came in the year to July 2022, when income rose by 173%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Enc Inc Syntex Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within NM. Charities of a similar size with the same main cause include Luther Terrace Inc ($489k), Huntington Memorial Library Foundation Trust ($489k) and Texas Teo-Chew Temple ($489k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 12% and program service revenue 85% of the total. At year end it held assets of $496k against liabilities of $0, net assets of $496k.