Synergy Public School

Analysis

Synergy Public School is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in December 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 June 2023, Synergy Public School reported income of $7.2m and spending of $6.8m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $7.2m (+99%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Synergy Public School 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 92nd percentile within AZ. Charities of a similar size with the same main cause include Wilmington Christian School ($7.2m), Oblate School of Theology ($7.2m) and Academy at the Farm Inc ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $248k (3.7% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $18.5m against liabilities of $15.9m, net assets of $2.7m. It reported 81 employees.