Synergies Work Inc

Analysis

Synergies Work Inc is a registered charity in United States, based in Sandy Springs, GA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Synergies Work Inc reported income of $225k and spending of $354k, spending 157% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $454k to $225k (-50%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Synergies Work Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within GA. Charities of a similar size with the same main cause include Junior League of Baltimore Inc ($225k), Metropolitan Affairs Coalition ($225k) and Rome Industrial Development Corporation ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $145k (41% of expenses). At year end it held assets of $261k against liabilities of $18k, net assets of $243k. It reported 5 employees.