Synergy Global Inc
Synergy Global Inc consistently operates with low liabilities and no reported officer compensation.
EIN: 113620055 · Cary, NC · NTEE: X20 · Updated: 2026-03-28
Is Synergy Global Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Synergy Global Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Synergy Global Inc
Synergy Global Inc (EIN: 113620055) is a nonprofit organization based in Cary, NC, classified under NTEE code X20. The organization reported total revenue of $198K and total assets of $162K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Synergy Global Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Synergy Global Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $186K |
| Total Expenses | $175K |
| Surplus / Deficit | +$11K |
| Total Assets | $129K |
| Total Liabilities | $2K |
| Net Assets | $127K |
| Operating Margin | 6.0% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 8.9 months |
Financial Health Grade: A
In 2023, Synergy Global Inc reported a surplus of $11K with revenue exceeding expenses, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Synergy Global Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.1% | -1.9% | +11.8% |
| 2022 | +15.0% | +9.3% | -10.4% |
| 2021 | -1.6% | -0.6% | +1.1% |
| 2020 | -16.0% | -8.8% | +0.9% |
| 2019 | +12.0% | +16.8% | +27.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
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 Global Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Synergy Global Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $11K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly unusual for an organization with revenues consistently around $180,000.
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 Synergy Global Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in summary data
- Unusually consistent 0% officer compensation for an organization with consistent revenue, which might warrant further investigation into how leadership is supported or structured.
Strengths
The following positive indicators were identified for Synergy Global Inc:
- Consistent revenue generation over a decade (e.g., $186,267 in 2023, $188,344 in 2022).
- Healthy and growing asset base (from $72,519 in 2015 to $129,206 in 2023).
- Extremely low liabilities across all reported periods (e.g., $2,439 in 2023, often $0).
- Consistent surplus of revenue over expenses in most recent years, indicating financial stability.
- Strong compliance with IRS regulations, evidenced by 13 consistent filings.
Frequently Asked Questions about Synergy Global Inc
Is Synergy Global Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Synergy Global Inc (EIN: 113620055) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Synergy Global Inc spend its money?
Synergy Global Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Synergy Global Inc tax-deductible?
Synergy Global Inc is registered as a tax-exempt nonprofit (EIN: 113620055). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific programs Synergy Global Inc delivers?
The provided IRS 990 data does not detail the specific programs or services offered by Synergy Global Inc. This information would typically be found in the organization's full 990 form or on its website.
How does Synergy Global Inc manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that compensation is structured in a way that does not fall under the 'officer compensation' category on the 990 form. This is a notable characteristic for an organization of its size.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of functional expenses. To understand how funds are allocated across programs, administration, and fundraising, one would need to review the full IRS Form 990, specifically Part IX, Statement of Functional Expenses.
Filing History
IRS 990 filing history for Synergy Global Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Synergy Global Inc's revenue has grown by 42%, moving from $131K to $186K. Total assets increased by 28.5% over the same period, from $101K to $129K. Total functional expenses rose by 33.1%, from $131K to $175K. In its most recent filing year (2023), Synergy Global Inc reported a surplus of $11K, with revenue exceeding expenses. The organization holds $2K in liabilities against $129K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $127K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $186K | $175K | $129K | $2K | — | View 990 |
| 2022 | $188K | $179K | $116K | $0 | — | View 990 |
| 2021 | $164K | $163K | $129K | $0 | — | View 990 |
| 2020 | $166K | $164K | $127K | $2K | — | — |
| 2019 | $198K | $180K | $126K | $3K | — | View 990 |
| 2018 | $177K | $154K | $99K | $138 | — | View 990 |
| 2017 | $179K | $180K | $77K | $356 | — | View 990 |
| 2016 | $193K | $185K | $81K | $332 | — | View 990 |
| 2015 | $180K | $196K | $73K | $0 | — | View 990 |
| 2014 | $145K | $154K | $88K | $2K | — | View 990 |
| 2013 | $166K | $149K | $97K | $3K | — | View 990 |
| 2012 | $108K | $132K | $77K | $141 | — | View 990 |
| 2011 | $131K | $131K | $101K | $-42 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $186K, expenses of $175K, and assets of $129K (revenue -1.1% year-over-year).
- 2022: Revenue of $188K, expenses of $179K, and assets of $116K (revenue +15.0% year-over-year).
- 2021: Revenue of $164K, expenses of $163K, and assets of $129K (revenue -1.6% year-over-year).
- 2020: Revenue of $166K, expenses of $164K, and assets of $127K (revenue -16.0% year-over-year).
- 2019: Revenue of $198K, expenses of $180K, and assets of $126K (revenue +12.0% year-over-year).
- 2018: Revenue of $177K, expenses of $154K, and assets of $99K (revenue -1.1% year-over-year).
- 2017: Revenue of $179K, expenses of $180K, and assets of $77K (revenue -7.2% year-over-year).
- 2016: Revenue of $193K, expenses of $185K, and assets of $81K (revenue +6.8% year-over-year).
- 2015: Revenue of $180K, expenses of $196K, and assets of $73K (revenue +24.2% year-over-year).
- 2014: Revenue of $145K, expenses of $154K, and assets of $88K (revenue -12.5% year-over-year).
- 2013: Revenue of $166K, expenses of $149K, and assets of $97K (revenue +53.5% year-over-year).
- 2012: Revenue of $108K, expenses of $132K, and assets of $77K (revenue -17.5% year-over-year).
- 2011: Revenue of $131K, expenses of $131K, and assets of $101K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Synergy Global Inc:
Data Sources and Methodology
This transparency report for Synergy Global 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.