Syringa Plaza Inc

Analysis

Syringa Plaza Inc is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in May 1951, 75 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Syringa Plaza Inc reported income of $284k and spending of $286k, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $217k to $284k (+31%), an average of +5.6% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Syringa Plaza Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Bridge Hampton Historical Society ($284k), Georgia Football Officials Association Inc ($284k) and Ohio Common Pleas Judges Association Hall of Justice ($284k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $59k. At year end it held assets of $823k against liabilities of $2.0m, net assets of -$1.2m.

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.