Broadway Journal

SIGNATURE AUDITOR RAISES ‘SUBSTANTIAL DOUBT’ ABOUT NONPROFIT’S SURVIVAL

January 7, 2025 by Philip Boroff

EXCLUSIVE: Signature Theatre Co. — which raised the bar off-Broadway by devoting entire seasons to the work of major dramatists while offering $25 tickets across the board — is struggling to stay afloat.

Lutz and Carr, the company’s auditor, said it has “substantial doubt about the organization’s ability to continue as a going concern.” The accountant’s alarm accompanies financial statements completed in August 2024 that were posted on the New York Attorney General’s charities registry during Christmas week.Continue Reading

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