Synchronicity Foundation Inc

Analysis

Synchronicity Foundation Inc is a registered charity in United States, based in Faber, VA. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Synchronicity Foundation Inc reported income of $314k and spending of $439k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $510k to $314k (-38%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 115%. Over the whole period it spent 228% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Synchronicity Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Re-Forma ($314k), Friend of God ($314k) and Wellspring Ministries of Utah ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 37% of the total. Other salaries and wages came to $49k. At year end it held assets of $2.9m against liabilities of $236k, net assets of $2.6m. It reported 2 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.