Synergy Village

Analysis

Synergy Village is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Synergy Village reported income of $56k and spending of $47k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $59k to $56k (-5.9%), an average of -5.9% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Synergy Village sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 19th percentile within CO. Charities of a similar size with the same main cause include Pauls Place Support for Families ($56k), Pono Homes Inc ($56k) and Hermitage Homes for Elderly Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.