Synergos Institute Inc
Synergos Institute Inc. shows fluctuating revenues and recent operational deficits, maintaining substantial assets with no reported officer compensation.
EIN: 133392006 · New York, NY · NTEE: Q300 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.6M |
| Total Expenses | $7.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $22 |
| Net Assets | $22.1M |
| Transparency Score | 75/100 |
Is Synergos Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Synergos Institute Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Synergos Institute Inc
Synergos Institute Inc (EIN: 133392006) is a nonprofit organization based in New York, NY, classified under NTEE code Q300. The organization reported total revenue of $10.6M and total assets of $22.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Synergos Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Synergos Institute Inc is a large nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $7.0M |
| Surplus / Deficit | $-2,277,307 |
| Total Assets | $23.0M |
| Total Liabilities | $871K |
| Net Assets | $22.1M |
| Operating Margin | -47.9% |
| Debt-to-Asset Ratio | 3.8% |
| Months of Reserves | 39.2 months |
Financial Health Grade: B
In 2023, Synergos Institute Inc reported a deficit of $2.3M with expenses exceeding revenue, holds 39.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Synergos Institute Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.3% | -17.0% | +0.5% |
| 2022 | -59.1% | +9.9% | -21.5% |
| 2021 | +188.7% | -30.3% | +13.9% |
| 2020 | -69.0% | -26.6% | -16.9% |
| 2019 | +15.6% | +20.4% | +11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Synergos Institute Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Synergos Institute Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.8%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization of this size with assets exceeding $22 million, suggesting either a volunteer leadership structure or compensation being reported under different categories, which would require further investigation for full transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Synergos Institute Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023 expenses $7.0M vs. revenue $4.7M; 2022 expenses $8.4M vs. revenue $5.7M).
- Unusually consistent 0% officer compensation reported across all filings, which may warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Synergos Institute Inc:
- Substantial asset base (over $22 million) provides financial stability and resilience.
- No reported officer compensation indicates a potential commitment to directing funds towards mission-related activities or a unique volunteer leadership model.
- History of significant revenue generation in prior years (e.g., $18.8M in 2014, $15.6M in 2019) demonstrates capacity for large-scale funding.
Frequently Asked Questions about Synergos Institute Inc
Is Synergos Institute Inc a legitimate charity?
Synergos Institute Inc (EIN: 133392006) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $10.6M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Synergos Institute Inc spend its money?
Synergos Institute Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Synergos Institute Inc tax-deductible?
Synergos Institute Inc is registered as a tax-exempt nonprofit (EIN: 133392006). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Synergos Institute Inc CEO make?
Synergos Institute Inc's highest-compensated officer earns $22 annually. The organization reported $10.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Synergos Institute Inc's spending goes to programs?
Synergos Institute Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Synergos Institute Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Synergos Institute Inc is above average for NTEE category Q300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Synergos Institute Inc located?
Synergos Institute Inc is headquartered in New York, New York and files with the IRS under EIN 133392006. It is classified under NTEE code Q300.
How many years of IRS 990 filings does Synergos Institute Inc have?
Synergos Institute Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $10.6M in total revenue.
Why has Synergos Institute Inc. reported 0% officer compensation for over a decade?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It could indicate a volunteer leadership model, or that compensation for key executives is reported under different expense categories, which would require further clarification from the organization.
What is the reason for the recent trend of expenses exceeding revenue in 2022 and 2023?
In 2023, expenses were $7.0 million against $4.7 million in revenue, and in 2022, expenses were $8.4 million against $5.7 million in revenue. This trend suggests that the organization is either drawing down on its reserves or experiencing a temporary dip in funding, which could impact long-term sustainability if not addressed.
How does Synergos Institute Inc. manage its substantial assets of over $22 million?
With assets consistently above $22 million, the organization possesses a significant endowment or investment portfolio. Understanding the management and utilization of these assets is crucial, especially when operational expenses exceed revenue, as these assets could be used to cover shortfalls or fund specific programs.
Filing History
IRS 990 filing history for Synergos Institute Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Synergos Institute Inc's revenue has declined by 67.2%, moving from $14.5M to $4.8M. Total assets decreased by 0.8% over the same period, from $23.1M to $23.0M. Total functional expenses fell by 24.2%, from $9.3M to $7.0M. In its most recent filing year (2023), Synergos Institute Inc reported a deficit of $2.3M, with expenses exceeding revenue. The organization holds $871K in liabilities against $23.0M in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $22.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $7.0M | $23.0M | $871K | — | View 990 |
| 2022 | $5.7M | $8.5M | $22.9M | $220K | — | View 990 |
| 2021 | $14.0M | $7.7M | $29.1M | $645K | — | View 990 |
| 2020 | $4.9M | $11.1M | $25.6M | $800K | — | View 990 |
| 2019 | $15.7M | $15.1M | $30.7M | $1.4M | — | View 990 |
| 2018 | $13.6M | $12.5M | $27.6M | $1.2M | — | View 990 |
| 2017 | $15.6M | $13.9M | $28.0M | $1.2M | — | View 990 |
| 2016 | $11.5M | $14.1M | $26.5M | $1.4M | — | View 990 |
| 2015 | $17.9M | $12.5M | $29.3M | $1.8M | — | View 990 |
| 2014 | $18.8M | $13.7M | $25.2M | $1.8M | — | View 990 |
| 2013 | $11.6M | $12.1M | $21.2M | $2.6M | — | View 990 |
| 2012 | $6.1M | $8.7M | $20.8M | $2.3M | — | View 990 |
| 2011 | $14.5M | $9.3M | $23.1M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $7.0M, and assets of $23.0M (revenue -17.3% year-over-year).
- 2022: Revenue of $5.7M, expenses of $8.5M, and assets of $22.9M (revenue -59.1% year-over-year).
- 2021: Revenue of $14.0M, expenses of $7.7M, and assets of $29.1M (revenue +188.7% year-over-year).
- 2020: Revenue of $4.9M, expenses of $11.1M, and assets of $25.6M (revenue -69.0% year-over-year).
- 2019: Revenue of $15.7M, expenses of $15.1M, and assets of $30.7M (revenue +15.6% year-over-year).
- 2018: Revenue of $13.6M, expenses of $12.5M, and assets of $27.6M (revenue -13.2% year-over-year).
- 2017: Revenue of $15.6M, expenses of $13.9M, and assets of $28.0M (revenue +35.6% year-over-year).
- 2016: Revenue of $11.5M, expenses of $14.1M, and assets of $26.5M (revenue -35.6% year-over-year).
- 2015: Revenue of $17.9M, expenses of $12.5M, and assets of $29.3M (revenue -4.9% year-over-year).
- 2014: Revenue of $18.8M, expenses of $13.7M, and assets of $25.2M (revenue +62.0% year-over-year).
- 2013: Revenue of $11.6M, expenses of $12.1M, and assets of $21.2M (revenue +91.1% year-over-year).
- 2012: Revenue of $6.1M, expenses of $8.7M, and assets of $20.8M (revenue -58.0% year-over-year).
- 2011: Revenue of $14.5M, expenses of $9.3M, and assets of $23.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Synergos Institute Inc:
Data Sources and Methodology
This transparency report for Synergos Institute Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.