Sye Initiative Inc

Analysis

Sye Initiative Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sye Initiative Inc reported income of $76k and spending of $98k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $104k to $76k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sye Initiative Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Sumter Technology Center Inc ($76k), Periodic Paralysis Association ($76k) and New Hampshire Excellence in Education Awards ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $96k against liabilities of $0, net assets of $96k.