Community Synergy Inc

Analysis

Community Synergy Inc is a registered charity in United States, based in West Nyack, NY. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, 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, Community Synergy Inc reported income of $212k and spending of $201k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $212k (+96%), an average of +96% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Synergy Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Love-Craft Athens Inc ($212k), West Line Corridor Collaborative ($212k) and Minnesota Association of Workforce Boards ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $41k (20% of expenses). Other salaries and wages came to $34k. At year end it held assets of $15k against liabilities of $0, net assets of $15k. It reported 3 employees.