Is Synergy Community Development Corporation Legit?

Quick charity verification for Synergy Community Development Corporation (EIN: 203145206)

Verdict: Synergy Community Development Corporation appears trustworthy

85/100Mission Score
$2.9MRevenue
$6.6MAssets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Synergy Community Development Corporation demonstrates a fluctuating financial history, with recent filings showing relatively modest revenue and expenses compared to its stated 'Latest Revenue' of $2,946,412, which is not reflected in the provided annual filing data. The organization consistently reports 0% officer compensation across all available filings, which is a positive indicator for resource allocation directly to mission-related activities and suggests strong financial transparency regarding executive pay. However, the significant discrepancy between the 'Latest Revenue' figure and the highest annual revenue reported in the filing history ($376,314 in 2023) raises questions about the completeness or recency of the provided filing data or the nature of this 'Latest Revenue' figure. Without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency, but the consistent lack of executive compensation is a strong point. The organization's assets have also varied significantly, from a low of $20,773 in 2012 to $340,077 in 2017, and most recently $40,076 in 2023, indicating an inconsistent financial scale over time.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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