Signet Associates

Analysis

Signet Associates is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in June 1960, 66 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Signet Associates reported income of $532k and spending of $396k, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $363k to $532k (+47%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Signet Associates sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Community Arts Center of Cambria County ($532k), The Bronx River Art Center Inc ($532k) and Prima Arts Inc ($532k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% of the total. Other salaries and wages came to $172k. At year end it held assets of $3.0m against liabilities of $17k, net assets of $2.9m. It reported 11 employees.