Synergy Academies
Synergy Academies shows consistent revenue growth and zero reported officer compensation over the past decade.
EIN: 200672173 · Los Angeles, CA · NTEE: B20 · Updated: 2026-03-28
Is Synergy Academies Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Synergy Academies directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Synergy Academies
Synergy Academies (EIN: 200672173) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code B20. The organization reported total revenue of $28.9M and total assets of $29.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Synergy Academies's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Synergy Academies is a large nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25.8M |
| Total Expenses | $24.0M |
| Surplus / Deficit | +$1.8M |
| Total Assets | $28.6M |
| Total Liabilities | $7.0M |
| Net Assets | $21.6M |
| Operating Margin | 7.0% |
| Debt-to-Asset Ratio | 24.5% |
| Months of Reserves | 14.3 months |
Financial Health Grade: A
In 2023, Synergy Academies reported a surplus of $1.8M with revenue exceeding expenses, holds 14.3 months of operating reserves (strong position), has a debt-to-asset ratio of 24.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Synergy Academies's revenue has grown at a compound annual growth rate (CAGR) of 13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.3% | +20.4% | +27.7% |
| 2022 | +9.5% | +15.9% | +11.3% |
| 2021 | +5.8% | +0.2% | +18.8% |
| 2020 | +1.4% | -0.2% | +12.8% |
| 2019 | +5.1% | +6.2% | +13.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Synergy Academies with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Synergy Academies allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $1.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.5%.
Executive Compensation Analysis
Synergy Academies consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees. This is highly unusual for an organization of its size, with revenues exceeding $25 million, and suggests a strong commitment to directing funds towards its mission rather than executive salaries.
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.
Strengths
The following positive indicators were identified for Synergy Academies:
- 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.
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 legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Synergy Academies spend its money?
Synergy Academies directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Synergy Academies tax-deductible?
Synergy Academies is registered as a tax-exempt nonprofit (EIN: 200672173). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Synergy Academies a good charity?
Based on the provided financial data, Synergy Academies appears to be a well-managed organization with strong financial health, consistent revenue growth, and a notable commitment to transparency regarding executive compensation (0% reported). The consistent surplus of revenue over expenses and significant asset growth suggest sustainability. However, a full assessment would benefit from detailed program spending ratios.
How has Synergy Academies' financial health changed over time?
Synergy Academies has demonstrated robust financial growth over the past decade. Revenue has more than doubled from $12.08 million in 2014 to $25.79 million in 2023, and assets have more than tripled from $8.64 million to $28.61 million in the same period. This indicates strong financial management and an expanding operational capacity.
What is Synergy Academies' approach to executive compensation?
Synergy Academies consistently reports 0% officer compensation in its IRS 990 filings. This indicates that no compensation was paid to officers, directors, trustees, or key employees, which is a highly transparent and mission-focused approach to executive pay.
Filing History
IRS 990 filing history for Synergy Academies showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Synergy Academies's revenue has grown by 334.3%, moving from $5.9M to $25.8M. Total assets increased by 867% over the same period, from $3.0M to $28.6M. Total functional expenses rose by 390%, from $4.9M to $24.0M. In its most recent filing year (2023), Synergy Academies reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $7.0M in liabilities against $28.6M in assets (debt-to-asset ratio: 24.5%), resulting in net assets of $21.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25.8M | $24.0M | $28.6M | $7.0M | — | View 990 |
| 2022 | $21.6M | $19.9M | $22.4M | $2.6M | — | View 990 |
| 2021 | $19.8M | $17.2M | $20.1M | $2.0M | — | View 990 |
| 2020 | $18.7M | $17.2M | $17.0M | $1.4M | — | View 990 |
| 2019 | $18.4M | $17.2M | $15.0M | $947K | — | View 990 |
| 2018 | $17.5M | $16.2M | $13.3M | $403K | — | View 990 |
| 2017 | $17.0M | $15.8M | $12.4M | $887K | — | View 990 |
| 2016 | $16.5M | $15.4M | $11.1M | $762K | — | View 990 |
| 2015 | $13.9M | $13.0M | $9.9M | $679K | — | View 990 |
| 2014 | $12.1M | $10.5M | $8.6M | $315K | — | View 990 |
| 2013 | $10.6M | $8.6M | $7.4M | $684K | — | View 990 |
| 2012 | $9.7M | $7.3M | $5.5M | $765K | — | View 990 |
| 2011 | $5.9M | $4.9M | $3.0M | $602K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25.8M, expenses of $24.0M, and assets of $28.6M (revenue +19.3% year-over-year).
- 2022: Revenue of $21.6M, expenses of $19.9M, and assets of $22.4M (revenue +9.5% year-over-year).
- 2021: Revenue of $19.8M, expenses of $17.2M, and assets of $20.1M (revenue +5.8% year-over-year).
- 2020: Revenue of $18.7M, expenses of $17.2M, and assets of $17.0M (revenue +1.4% year-over-year).
- 2019: Revenue of $18.4M, expenses of $17.2M, and assets of $15.0M (revenue +5.1% year-over-year).
- 2018: Revenue of $17.5M, expenses of $16.2M, and assets of $13.3M (revenue +3.0% year-over-year).
- 2017: Revenue of $17.0M, expenses of $15.8M, and assets of $12.4M (revenue +3.3% year-over-year).
- 2016: Revenue of $16.5M, expenses of $15.4M, and assets of $11.1M (revenue +18.7% year-over-year).
- 2015: Revenue of $13.9M, expenses of $13.0M, and assets of $9.9M (revenue +14.8% year-over-year).
- 2014: Revenue of $12.1M, expenses of $10.5M, and assets of $8.6M (revenue +14.3% year-over-year).
- 2013: Revenue of $10.6M, expenses of $8.6M, and assets of $7.4M (revenue +8.6% year-over-year).
- 2012: Revenue of $9.7M, expenses of $7.3M, and assets of $5.5M (revenue +63.9% year-over-year).
- 2011: Revenue of $5.9M, expenses of $4.9M, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Synergy Academies:
Data Sources and Methodology
This transparency report for Synergy Academies 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.