Descendants of the Signers of the Declaration of Independence Inc

Analysis

Descendants of the Signers of the Declaration of Independence Inc is a registered charity in United States, based in Avon, CT. It received its IRS tax-exemption ruling in October 1949, 77 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 April 2024, Descendants of the Signers of the Declaration of Independence Inc reported income of $160k and spending of $130k, spending 81% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $105k to $160k (+53%), an average of +11% a year. The sharpest change came in the year to April 2021, when income rose by 164%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Descendants of the Signers of the Declaration of Independence Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within CT. Charities of a similar size with the same main cause include D-Day Ohio Inc ($160k), Worcester Hibernian Cultural Foundation Inc ($160k) and Chincoteague Cultural Alliance Inc ($160k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 51% and program service revenue 8.1% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.