Quick charity verification for Synergy Academies (EIN: 200672173)
Verdict: Synergy Academies appears trustworthy
92/100Mission Score
$28.9MRevenue
$29.6MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, increasing from $12.08 million in 2014 to $25.79 million in 2023.
Strong asset growth, from $8.64 million in 2014 to $28.61 million in 2023, indicating financial stability.
Zero reported officer compensation across all available filings, demonstrating high transparency and dedication to mission spending.
Consistent surplus of revenue over expenses, indicating sustainable financial operations.
Regular and extensive IRS 990 filing history (13 filings), showing commitment to public accountability.
Spending Breakdown
How Synergy Academies allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Synergy Academies
Is Synergy Academies a legitimate charity?
Based on AI analysis of IRS 990 filings, Synergy Academies (EIN: 200672173) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Synergy Academies a good charity to donate to?
Synergy Academies has a Mission Score of 92/100. Revenue: $28.9M. Assets: $29.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Synergy Academies?
The Employer Identification Number (EIN) for Synergy Academies is 200672173. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Synergy Academies spend its money?
Synergy Academies allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Synergy Academies's tax-exempt status?
You can verify Synergy Academies's tax-exempt status using EIN 200672173 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Synergy Academies demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past decade, the organization has seen its revenue steadily increase from $12.08 million in 2014 to $25.79 million in 2023, indicating strong fundraising or operational stability. Their assets have also grown significantly, from $8.64 million to $28.61 million in the same period, suggesting prudent financial management and investment in their mission. The organization consistently reports 0% officer compensation, which is a notable indicator of transparency and a commitment to directing funds towards programs rather than executive salaries.
Spending efficiency is generally strong, with expenses consistently lower than revenue, allowing for asset growth. While specific program, administrative, and fundraising expense breakdowns are not provided in the raw data, the absence of officer compensation suggests a lean administrative structure at the top. The consistent surplus of revenue over expenses across multiple years indicates a sustainable financial model.
Transparency is high regarding executive compensation, with a clear record of 0% officer compensation. The consistent filing of IRS 990s over 13 periods further demonstrates a commitment to public accountability. However, without detailed functional expense breakdowns (program, admin, fundraising) from the provided data, a complete assessment of spending efficiency across all categories is limited.