Synergy Services Inc

Analysis

Synergy Services Inc is a registered charity in United States, based in Parkville, MO. It received its IRS tax-exemption ruling in February 2000, 26 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 December 2023, Synergy Services Inc reported income of $24.0m and spending of $16.5m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.5m to $24.0m (+152%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Synergy Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MO. Charities of a similar size with the same main cause include Mease Life Inc ($24.0m), Advent Christian Village Inc ($24.0m) and Sacramento Chinese Community Service Center Inc ($24.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $480k (2.9% of expenses). Other salaries and wages came to $10.0m. It paid $22k in professional fundraising fees. At year end it held assets of $20.3m against liabilities of $2.0m, net assets of $18.3m. It reported 308 employees.