Syned

Analysis

Syned is a registered charity in United States, based in Thousand Oaks, CA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Syned reported income of $321k and spending of $331k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $658k to $321k (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income rose by 77%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Syned sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Potential Endeavors ($321k), South Lakes Booster Club ($321k) and The Arc of Indiana County ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $39k (12% of expenses). Other salaries and wages came to $130k. At year end it held assets of $96k against liabilities of $26k, net assets of $70k. It reported 5 employees.

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.