Synapse School

Analysis

Synapse School is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in July 2014, 12 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 June 2023, Synapse School reported income of $24.5m and spending of $21.5m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.7m to $24.5m (+92%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Synapse School 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 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Open Up Resources ($24.5m), Montana Higher Education Student Assistance Corporation ($24.5m) and School Lane Charter School ($24.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $571k (2.7% of expenses). At year end it held assets of $67.3m against liabilities of $60.3m, net assets of $7.0m. It reported 89 employees.