Signature Theatre Company

Analysis

Signature Theatre Company is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1994, 32 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Signature Theatre Company reported income of $6.3m and spending of $13.0m, spending 206% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.7m to $6.3m (-41%), an average of -12% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 134% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Signature Theatre Company sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Science Center of Iowa ($6.3m), Portland Opera Association Inc ($6.3m) and New Civil Liberties Alliance ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $672k (5.2% of expenses). Other salaries and wages came to $4.4m. It paid $29k in professional fundraising fees. At year end it held assets of $53.2m against liabilities of $20.5m, net assets of $32.7m. It reported 395 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.