Synaptic Institute Inc

Analysis

Synaptic Institute Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Synaptic Institute Inc reported income of $289k and spending of $285k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $135k to $289k (+114%), an average of +114% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Synaptic Institute Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within OR. Charities of a similar size with the same main cause include New Hope Philly Inc ($289k), Oral Cancer Foundation ($289k) and Nelson County Community Clinic Inc ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $100k (35% of expenses). At year end it held assets of $82k against liabilities of $74k, net assets of $7,830. It reported 2 employees.