Freedom Synergy Corporation

Analysis

Freedom Synergy Corporation is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 2020, 6 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, Freedom Synergy Corporation reported income of $266k and spending of $284k, spending 107% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $244k to $266k (+8.8%), an average of +2.9% a year. The sharpest change came in the year to December 2022, when income rose by 484%. Over the whole period it spent 131% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Freedom Synergy Corporation 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 59th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Friends of the Berkeley Public Library Inc ($266k), Scarlet Brigade Boosters Club of Fairfield High School ($266k) and Vashon Alliance to Reduce Substance Abuse -Varsa ($266k).

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 $102k (36% of expenses). At year end it held assets of $1,767 against liabilities of $1,767, net assets of $0. It reported 1 employees.

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.