Syncronys

Analysis

Syncronys is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Syncronys reported income of $8.9m and spending of $9.8m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $8.9m (+209%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 682%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Syncronys sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NM. Charities of a similar size with the same main cause include Alzheimers Community Care Inc ($8.8m), Guardian Angels Health and Rehabilitation Center ($8.9m) and Sanford Health Foundation North ($8.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $554k (5.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.1m against liabilities of $1.5m, net assets of $2.6m. It reported 23 employees.