Signal 34 Foundation Inc

Analysis

Signal 34 Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 34 Foundation Inc reported income of $122k and spending of $90k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $24k to $122k (+406%), an average of +406% a year. The sharpest change came in the year to December 2023, when income rose by 406%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Signal 34 Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Friends of Sparsh Inc ($122k), CHH Foundation Inc ($122k) and Oxford Orphanage-Masonic Home for Children at Oxford Alumni ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $122k against liabilities of $90k, net assets of $32k.