Singnasium Inc

Analysis

Singnasium Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2017, 9 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 December 2023, Singnasium Inc reported income of $157k and spending of $147k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $103k to $157k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Singnasium 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 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Fundacion de Culebra Inc ($157k), The Iredell Museums Inc ($157k) and Butler County Historical Society ($157k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. At year end it held assets of $31k against liabilities of $7,521, net assets of $23k.