Source of Synergy Foundation Inc

Analysis

Source of Synergy Foundation Inc is a registered charity in United States, based in East Hampton, NY. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 December 2023, Source of Synergy Foundation Inc reported income of $200k and spending of $274k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $244k to $200k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 85% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Source of Synergy Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Green Advantage Inc ($200k), 3d Nature Technologies Inc ($200k) and Rio Bravo Restoration ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $95k (35% of expenses). At year end it held assets of $98k against liabilities of $2,517, net assets of $96k. It reported 3 employees.