Sinapis Group

Analysis

Sinapis Group is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 2010, 16 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 December 2023, Sinapis Group reported income of $2.4m and spending of $2.5m, spending 104% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $901k to $2.4m (+169%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 166%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sinapis Group 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 88th percentile within IN. Charities of a similar size with the same main cause include Cascade Heights Charter School ($2.4m), Royalmont Academy Inc ($2.4m) and Ascent a School for Individuals with Autism ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $166k (6.6% of expenses). Other salaries and wages came to $475k. It paid $7,500 in professional fundraising fees. At year end it held assets of $911k against liabilities of $31k, net assets of $880k. It reported 8 employees.