Synergy School of Tomorrow Inc

Analysis

Synergy School of Tomorrow Inc is a registered charity in United States, based in Fort Pierce, FL. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Synergy School of Tomorrow Inc reported income of $7.0m and spending of $7.7m, spending 110% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.5m to $7.0m (+102%), an average of +19% a year. The sharpest change came in the year to July 2021, when income dropped by 100%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Synergy School of Tomorrow Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Innovative Education Services Inc ($7.0m), Horizon Educational Services Inc ($7.0m) and New Jersey City University Foundation Inc ($7.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $137k (1.8% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $19.2m against liabilities of $17.7m, net assets of $1.5m. It reported 134 employees.