Synaptiv Inc

Analysis

Synaptiv Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Synaptiv Inc reported income of $418k and spending of $234k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $233k to $418k (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Synaptiv Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include Ashland Assisted Living Inc ($418k), Discovery Place ($418k) and New Day Incorporated ($418k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $121k (52% of expenses). At year end it held assets of $912k against liabilities of $296k, net assets of $615k. It reported 1 employees.