Synergy Family Foster Care Inc

Analysis

Synergy Family Foster Care Inc is a registered charity in United States, based in Chillicothe, OH. It received its IRS tax-exemption ruling in October 2001, 25 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, Synergy Family Foster Care Inc reported income of $1.2m and spending of $1.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.2m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Synergy Family Foster Care Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Equality Illinois Institute ($1.2m), It Takes a Village Inc ($1.2m) and For the Struggle Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. At year end it held assets of $301k against liabilities of $103k, net assets of $197k. It reported 6 employees.