Synergy Sportz Parent Association Inc
Synergy Sportz Parent Association Inc. shows fluctuating finances with recent positive income, no officer compensation.
EIN: 10679238 · Frederick, MD · NTEE: N60 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $87K |
| Total Expenses | $59K |
| Program Spending | 80% |
| Net Assets | $23K |
| Transparency Score | 75/100 |
Is Synergy Sportz Parent Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Synergy Sportz Parent Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Synergy Sportz Parent Association Inc
Synergy Sportz Parent Association Inc (EIN: 10679238) is a nonprofit organization based in Frederick, MD, classified under NTEE code N60. The organization reported total revenue of $87K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Synergy Sportz Parent Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Synergy Sportz Parent Association Inc is a micro nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $59K |
| Surplus / Deficit | +$21K |
| Total Assets | $24K |
| Total Liabilities | $1K |
| Net Assets | $23K |
| Operating Margin | 26.7% |
| Debt-to-Asset Ratio | 4.7% |
| Months of Reserves | 5.0 months |
Financial Health Grade: A
In 2024, Synergy Sportz Parent Association Inc reported a surplus of $21K with revenue exceeding expenses, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 4.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2024), Synergy Sportz Parent Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +112.2% | +22.6% | +558.7% |
| 2023 | +195.1% | +6.9% | -69.4% |
| 2021 | -100.0% | -44.4% | -37.1% |
| 2020 | +364.6% | +145.0% | +114.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Sportz Parent Association 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Synergy Sportz Parent Association Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $21K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.7%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
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 Sportz Parent Association Inc's IRS 990 filings:
- Inconsistent financial performance with multiple years of operational deficits (e.g., 202307, 202207, 202107, 201807, 201507).
- Significant fluctuations in assets over time, indicating potential instability in financial reserves.
Strengths
The following positive indicators were identified for Synergy Sportz Parent Association Inc:
- Consistent reporting of 0% officer compensation, demonstrating volunteer leadership and efficient use of funds for executive pay.
- Regular IRS 990 filings (13 filings) indicate good transparency and compliance.
- Positive net income in the latest filing period (202407) of $21,293, showing recent financial improvement.
Frequently Asked Questions about Synergy Sportz Parent Association Inc
Is Synergy Sportz Parent Association Inc a legitimate charity?
Synergy Sportz Parent Association Inc (EIN: 10679238) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $87K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Synergy Sportz Parent Association Inc spend its money?
Synergy Sportz Parent Association Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Synergy Sportz Parent Association Inc tax-deductible?
Synergy Sportz Parent Association Inc is registered as a tax-exempt nonprofit (EIN: 10679238). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Synergy Sportz Parent Association Inc's spending goes to programs?
Synergy Sportz Parent Association Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Synergy Sportz Parent Association Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Synergy Sportz Parent Association Inc is above average for NTEE category N60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Synergy Sportz Parent Association Inc located?
Synergy Sportz Parent Association Inc is headquartered in Frederick, Maryland and files with the IRS under EIN 10679238. It is classified under NTEE code N60.
How many years of IRS 990 filings does Synergy Sportz Parent Association Inc have?
Synergy Sportz Parent Association 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 $87K in total revenue.
Is Synergy Sportz Parent Association Inc. financially stable?
The organization's financial stability is inconsistent. While the latest period (202407) shows a surplus of $21,293, previous years like 202307 and 202207 reported significant deficits, indicating a fluctuating financial base.
Does Synergy Sportz Parent Association Inc. pay its officers?
No, the IRS 990 filings consistently show 0% officer compensation across all reported periods, indicating a volunteer-led organization.
What is the trend in the organization's assets?
Assets have fluctuated significantly, from a high of $70,099 in 202007 to a low of $2,783 in 201507, and are currently at $24,491 as of 202407, showing no clear upward or downward trend over the long term.
How efficient is Synergy Sportz Parent Association Inc. with its spending?
Without detailed expense breakdowns, it's hard to precisely determine efficiency. However, the occurrence of operational deficits in multiple years (e.g., 202307, 202207, 202107, 201807, 201507) suggests challenges in consistently managing expenses within revenue limits.
Filing History
IRS 990 filing history for Synergy Sportz Parent Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Synergy Sportz Parent Association Inc's revenue has grown by 98.6%, moving from $40K to $80K. Total assets increased by 364.4% over the same period, from $5K to $24K. Total functional expenses rose by 31%, from $45K to $59K. In its most recent filing year (2024), Synergy Sportz Parent Association Inc reported a surplus of $21K, with revenue exceeding expenses. The organization holds $1K in liabilities against $24K in assets (debt-to-asset ratio: 4.7%), resulting in net assets of $23K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $80K | $59K | $24K | $1K | — | — |
| 2023 | $38K | $48K | $4K | $2K | — | View 990 |
| 2022 | $13K | $45K | $12K | $0 | — | View 990 |
| 2021 | $0 | $26K | $44K | $0 | — | View 990 |
| 2020 | $65K | $47K | $70K | $0 | — | View 990 |
| 2018 | $14K | $19K | $33K | $0 | — | View 990 |
| 2017 | $51K | $31K | $45K | $0 | — | View 990 |
| 2016 | $58K | $36K | $25K | $0 | — | View 990 |
| 2015 | $17K | $31K | $3K | $0 | — | View 990 |
| 2014 | $46K | $30K | $17K | $0 | — | View 990 |
| 2013 | $51K | $57K | $1K | $0 | — | View 990 |
| 2012 | $57K | $55K | $7K | $0 | — | View 990 |
| 2011 | $40K | $45K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $80K, expenses of $59K, and assets of $24K (revenue +112.2% year-over-year).
- 2023: Revenue of $38K, expenses of $48K, and assets of $4K (revenue +195.1% year-over-year).
- 2022: Revenue of $13K, expenses of $45K, and assets of $12K.
- 2021: Revenue of $0, expenses of $26K, and assets of $44K (revenue -100.0% year-over-year).
- 2020: Revenue of $65K, expenses of $47K, and assets of $70K (revenue +364.6% year-over-year).
- 2018: Revenue of $14K, expenses of $19K, and assets of $33K (revenue -72.4% year-over-year).
- 2017: Revenue of $51K, expenses of $31K, and assets of $45K (revenue -12.1% year-over-year).
- 2016: Revenue of $58K, expenses of $36K, and assets of $25K (revenue +235.3% year-over-year).
- 2015: Revenue of $17K, expenses of $31K, and assets of $3K (revenue -62.7% year-over-year).
- 2014: Revenue of $46K, expenses of $30K, and assets of $17K (revenue -10.4% year-over-year).
- 2013: Revenue of $51K, expenses of $57K, and assets of $1K (revenue -9.3% year-over-year).
- 2012: Revenue of $57K, expenses of $55K, and assets of $7K (revenue +41.0% year-over-year).
- 2011: Revenue of $40K, expenses of $45K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Synergy Sportz Parent Association Inc:
Data Sources and Methodology
This transparency report for Synergy Sportz Parent Association 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.