Syba Inc

Analysis

Syba Inc is a registered charity in United States, based in Stewartville, MN. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Syba Inc reported income of $125k and spending of $122k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $75k to $125k (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Syba Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Amateur Athletic Union of the United States Inc ($125k), Competitive Cheer Coaches Association of Michigan ($125k) and Maplewood Athletic Associaton Inc ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 71% of the total. At year end it held assets of $80k against liabilities of $3,731, net assets of $77k. It reported 1 employees.