The Synthesis Foundation Inc
The Synthesis Foundation Inc. faces significant financial instability with highly volatile revenue and recurring large operating deficits.
EIN: 203559799 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is The Synthesis Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Synthesis Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Synthesis Foundation Inc
The Synthesis Foundation Inc (EIN: 203559799) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $489 and total assets of $46K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Synthesis Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Synthesis Foundation Inc is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -42.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $756 |
| Total Expenses | $71K |
| Surplus / Deficit | $-69,899 |
| Total Assets | $92K |
| Total Liabilities | $1 |
| Net Assets | $92K |
| Operating Margin | -9245.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 15.6 months |
Financial Health Grade: B
In 2023, The Synthesis Foundation Inc reported a deficit of $70K with expenses exceeding revenue, holds 15.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Synthesis Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -42.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -99.5% | -41.1% | -43.2% |
| 2022 | +26335.1% | -17.3% | +23.2% |
| 2021 | -99.8% | -45.3% | -52.4% |
| 2020 | -31.2% | +1.9% | +4.3% |
| 2019 | +277251.0% | -7.9% | +19.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 The Synthesis Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Synthesis Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $70K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported in any of the ten available IRS 990 filings, suggesting a volunteer-led organization or that executive compensation is not a significant expense, which is positive for donor funds.
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 The Synthesis Foundation Inc's IRS 990 filings:
- Highly volatile revenue with extreme fluctuations year-over-year.
- Recurring significant operating deficits where expenses far exceed revenue (e.g., 2023, 2021, 2015).
- Declining asset base in recent years, from $504,091 in 2014 to $91,757 in 2023.
- Consistent reporting of only $1 in liabilities across all filings, which could indicate incomplete reporting or an unusual financial structure.
Strengths
The following positive indicators were identified for The Synthesis Foundation Inc:
- No reported officer compensation, suggesting a volunteer-driven leadership or efficient use of funds in this area.
- Consistent filing of IRS 990 forms, indicating a commitment to transparency in reporting.
Frequently Asked Questions about The Synthesis Foundation Inc
Is The Synthesis Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Synthesis Foundation Inc (EIN: 203559799) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does The Synthesis Foundation Inc spend its money?
The Synthesis Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Synthesis Foundation Inc tax-deductible?
The Synthesis Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203559799). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Synthesis Foundation Inc. financially stable?
No, the organization exhibits significant financial instability. Revenue has fluctuated wildly, and in several recent years (e.g., 2023, 2021, 2015), expenses have vastly exceeded revenue, indicating substantial operating deficits.
What is the trend in the organization's assets?
Assets have been highly volatile, peaking at $504,091 in 2014 and declining to $91,757 in 2023, indicating a downward trend in recent years.
Does the organization pay its officers?
Based on the provided IRS 990 data, no officer compensation has been reported in any of the ten filings, suggesting officers are not compensated or compensation is not reported under this category.
Why is the latest revenue so low compared to expenses?
In 2023, the organization reported only $756 in revenue against $70,655 in expenses. This significant disparity suggests a major funding shortfall or a period of reduced activity not supported by incoming funds.
Filing History
IRS 990 filing history for The Synthesis Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Synthesis Foundation Inc's revenue has declined by 99.9%, moving from $600K to $756. Total assets decreased by 75.8% over the same period, from $379K to $92K. Total functional expenses fell by 81.5%, from $383K to $71K. In its most recent filing year (2023), The Synthesis Foundation Inc reported a deficit of $70K, with expenses exceeding revenue. The organization holds $1 in liabilities against $92K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $92K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $756 | $71K | $92K | $1 | — | View 990 |
| 2022 | $150K | $120K | $162K | $1 | — | View 990 |
| 2021 | $569 | $145K | $131K | $1 | — | — |
| 2020 | $277K | $265K | $276K | $1 | — | View 990 |
| 2019 | $402K | $260K | $264K | $1 | — | View 990 |
| 2015 | $145 | $282K | $222K | $1 | — | View 990 |
| 2014 | $684K | $342K | $504K | $1 | — | View 990 |
| 2013 | $155 | $304K | $162K | $1 | — | View 990 |
| 2012 | $400K | $314K | $466K | $1 | — | View 990 |
| 2011 | $600K | $383K | $379K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $756, expenses of $71K, and assets of $92K (revenue -99.5% year-over-year).
- 2022: Revenue of $150K, expenses of $120K, and assets of $162K (revenue +26335.1% year-over-year).
- 2021: Revenue of $569, expenses of $145K, and assets of $131K (revenue -99.8% year-over-year).
- 2020: Revenue of $277K, expenses of $265K, and assets of $276K (revenue -31.2% year-over-year).
- 2019: Revenue of $402K, expenses of $260K, and assets of $264K (revenue +277251.0% year-over-year).
- 2015: Revenue of $145, expenses of $282K, and assets of $222K (revenue -100.0% year-over-year).
- 2014: Revenue of $684K, expenses of $342K, and assets of $504K (revenue +441178.7% year-over-year).
- 2013: Revenue of $155, expenses of $304K, and assets of $162K (revenue -100.0% year-over-year).
- 2012: Revenue of $400K, expenses of $314K, and assets of $466K (revenue -33.3% year-over-year).
- 2011: Revenue of $600K, expenses of $383K, and assets of $379K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Synthesis Foundation Inc:
Data Sources and Methodology
This transparency report for The Synthesis Foundation 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.