Syngap Research Fund Incorporated

Analysis

Syngap Research Fund Incorporated is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Syngap Research Fund Incorporated reported income of $1.9m and spending of $2.2m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $383k to $1.9m (+386%), an average of +48% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Syngap Research Fund Incorporated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Sempra Employee Giving Network ($1.9m), Gvngorg ($1.9m) and Ruth M Harkins McKeown Trust Under Will F/B/O Salem Community Foundat ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% and program service revenue 1.0% of the total. At year end it held assets of $2.5m against liabilities of $1.2m, net assets of $1.4m.