Synergy in Action Inc

Analysis

Synergy in Action Inc is a registered charity in United States, based in Columbus, NC. It received its IRS tax-exemption ruling in August 2010, 16 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 2022, Synergy in Action Inc reported income of $1.2m and spending of $1.5m, spending 124% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $1.5m to $1.2m (-21%), an average of -7.4% a year. The sharpest change came in the year to June 2020, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Synergy in Action Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Raise a Child Incorporated ($1.2m), Wholesome Riches ($1.2m) and Young Men Christian Association of West San Gabriel Valley ($1.2m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Other salaries and wages came to $920k. At year end it held assets of $201k against liabilities of $151k, net assets of $50k. It reported 34 employees.