Syn Shop

Analysis

Syn Shop is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Syn Shop reported income of $52k and spending of $36k, leaving 31% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $573k to $52k (-91%), an average of -55% a year. The sharpest change came in the year to December 2021, when income dropped by 90%. Over the whole period it spent 24% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Syn Shop sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 23rd percentile within NV. Charities of a similar size with the same main cause include New Orleans Photo Alliance Inc ($52k), Compassionate Artists ($52k) and Pakistan Independence Day Parade & Fair Committee Inc ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $731k against liabilities of $129k, net assets of $602k.