Synergy In Action Inc
EIN: 263336547 · Columbus, NC · NTEE: P70
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.5M |
| Net Assets | $50K |
Is Synergy In Action Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Synergy In Action Inc
Synergy In Action Inc (EIN: 263336547) is a nonprofit organization based in Columbus, NC, classified under NTEE code P70. The organization reported total revenue of $1.2M and total assets of $289K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Synergy In Action Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Synergy In Action Inc is a mid-size nonprofit that has been operating for 16 years, with 11 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-278,939 |
| Total Assets | $201K |
| Total Liabilities | $151K |
| Net Assets | $50K |
| Operating Margin | -23.5% |
| Debt-to-Asset Ratio | 75.0% |
| Months of Reserves | 1.7 months |
Financial Health Grade: D
In 2022, Synergy In Action Inc reported a deficit of $279K with expenses exceeding revenue, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 75.0% (high leverage).
Financial Trends
Over 11 years of filings (2012–2022), Synergy In Action Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -23.8% | -0.8% | -58.0% |
| 2021 | -16.3% | -0.8% | +14.3% |
| 2020 | +24.8% | -1.3% | +806.0% |
| 2019 | +1.3% | +4.8% | -25.0% |
| 2018 | +7.1% | +7.3% | +132.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Synergy In Action Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Synergy In Action Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $279K, with expenses exceeding revenue.
- Debt-to-asset ratio: 75.0%.
Frequently Asked Questions about Synergy In Action Inc
Is Synergy In Action Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Synergy In Action Inc (EIN: 263336547) insufficient data. 0 red flags identified, 0 strengths noted.
How does Synergy In Action Inc spend its money?
Detailed spending breakdown data is not yet available for Synergy In Action Inc. Check back for updated IRS 990 analysis.
Are donations to Synergy In Action Inc tax-deductible?
Synergy In Action Inc is registered as a tax-exempt nonprofit (EIN: 263336547). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Synergy In Action Inc located?
Synergy In Action Inc is headquartered in Columbus, North Carolina and files with the IRS under EIN 263336547. It is classified under NTEE code P70.
How many years of IRS 990 filings does Synergy In Action Inc have?
Synergy In Action Inc has 11 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Synergy In Action Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2022), Synergy In Action Inc's revenue has declined by 13.1%, moving from $1.4M to $1.2M. Total assets increased by 1032.7% over the same period, from $18K to $201K. Total functional expenses rose by 7.3%, from $1.4M to $1.5M. In its most recent filing year (2022), Synergy In Action Inc reported a deficit of $279K, with expenses exceeding revenue. The organization holds $151K in liabilities against $201K in assets (debt-to-asset ratio: 75.0%), resulting in net assets of $50K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.2M | $1.5M | $201K | $151K | — | View 990 |
| 2021 | $1.6M | $1.5M | $480K | $326 | — | — |
| 2020 | $1.9M | $1.5M | $420K | $6K | — | View 990 |
| 2019 | $1.5M | $1.5M | $46K | $5K | — | View 990 |
| 2018 | $1.5M | $1.4M | $62K | $4K | — | View 990 |
| 2017 | $1.4M | $1.3M | $27K | $3K | — | View 990 |
| 2016 | $1.3M | $1.3M | $7K | $17K | — | View 990 |
| 2015 | $1.4M | $1.5M | $54K | $30K | — | View 990 |
| 2014 | $1.5M | $1.4M | $61K | $18K | — | View 990 |
| 2013 | $1.4M | $1.4M | $8K | $15K | — | View 990 |
| 2012 | $1.4M | $1.4M | $18K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.2M, expenses of $1.5M, and assets of $201K (revenue -23.8% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.5M, and assets of $480K (revenue -16.3% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.5M, and assets of $420K (revenue +24.8% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.5M, and assets of $46K (revenue +1.3% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.4M, and assets of $62K (revenue +7.1% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.3M, and assets of $27K (revenue +4.4% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $7K (revenue -8.9% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.5M, and assets of $54K (revenue -1.0% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $61K (revenue +2.0% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $8K (revenue +4.8% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.4M, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Synergy In Action Inc:
Data Sources and Methodology
This transparency report for Synergy In Action 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.