Synapse House

Analysis

Synapse House is a registered charity in United States, based in Downers Grove, IL. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Synapse House reported income of $656k and spending of $598k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $411k to $656k (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Synapse House sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Hope Counseling Center ($656k), Henry Strong Educational Foundation ($656k) and Homes for Heroes Inc ($655k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $64k (11% of expenses). Other salaries and wages came to $234k. At year end it held assets of $852k against liabilities of $597k, net assets of $255k. It reported 17 employees.