Project Syncere

Analysis

Project Syncere is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2013, 13 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 August 2023, Project Syncere reported income of $2.4m and spending of $2.3m, spending 97% of its income. Across the 6 years on record, from December 2017 to August 2023, income grew from $1.2m to $2.4m (+103%), an average of +15% a year. The sharpest change came in the year to August 2019, when income rose by 73%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Syncere sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Jewish Education for Girls Inc ($2.4m), Foundation First ($2.4m) and Strategic Management Society Inc ($2.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $570k (25% of expenses). Other salaries and wages came to $384k. At year end it held assets of $411k against liabilities of $33k, net assets of $378k. It reported 30 employees.