Signal Technology Foundation

Analysis

Signal Technology Foundation is a registered charity in United States, based in Mountain View, CA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Signal Technology Foundation reported income of $35.8m and spending of $35.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.4m to $35.8m (+84%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 123% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Signal Technology Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Blueprints ($35.7m), Goodwill Temporary Services Inc ($35.8m) and St Vincent de Paul Rehabilitation Services of Texas Inc ($35.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $1.3m (3.7% of expenses). Other salaries and wages came to $14.0m. At year end it held assets of $37.4m against liabilities of $34.1m, net assets of $3.3m. It reported 51 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.