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
Significant discrepancy between 'Latest Revenue' ($2,946,412) and highest reported annual revenue in filings ($376,314 in 2023), indicating potential data inconsistency or missing context.
Highly fluctuating annual revenues and assets over the filing history, suggesting inconsistent operational scale or funding.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating strong commitment to directing funds to mission.
Positive net assets in most recent filings, demonstrating financial solvency.
History of operating for over a decade, indicating organizational longevity.
Spending Breakdown
How Synergy Community Development Corporation 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 Community Development Corporation
Is Synergy Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Synergy Community Development Corporation (EIN: 203145206) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Synergy Community Development Corporation a good charity to donate to?
Synergy Community Development Corporation has a Mission Score of 85/100. Revenue: $2.9M. Assets: $6.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Synergy Community Development Corporation?
The Employer Identification Number (EIN) for Synergy Community Development Corporation is 203145206. 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 Community Development Corporation spend its money?
Synergy Community Development Corporation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Synergy Community Development Corporation's tax-exempt status?
You can verify Synergy Community Development Corporation's tax-exempt status using EIN 203145206 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 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.