Small Business Synergy Corporation

Analysis

Small Business Synergy Corporation is a registered charity in United States, based in St Peters, MO. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Small Business Synergy Corporation reported income of $723k and spending of $805k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $740k to $723k (-2.3%), an average of -0.6% a year. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Small Business Synergy Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within MO. Charities of a similar size with the same main cause include One House at a Time Inc ($723k), Community Lendingworks ($723k) and Community Capital Advisors Inc ($722k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $177k (22% of expenses). Other salaries and wages came to $65k. At year end it held assets of $2.1m against liabilities of $1.0m, net assets of $1.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.