Sinergia Inc

Analysis

Sinergia Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Sinergia Inc reported income of $12.5m and spending of $14.0m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.8m to $12.5m (-1.9%), an average of -0.5% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sinergia Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include United Helpers Canton Nursing Home ($12.5m), Hope Hospice Inc ($12.5m) and Moore Wright Group ($12.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $336k (2.4% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $7.0m against liabilities of $5.6m, net assets of $1.4m. It reported 317 employees.