Great River Shakespeare Festival

Analysis

Great River Shakespeare Festival is a registered charity in United States, based in Winona, MN. It received its IRS tax-exemption ruling in September 2003, 23 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 September 2023, Great River Shakespeare Festival reported income of $867k and spending of $932k, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $951k to $867k (-8.8%), an average of -2.3% a year. The sharpest change came in the year to September 2021, when income rose by 60%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Great River Shakespeare Festival sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Lake George Opera Festival Association Inc ($867k), Apollo Civic Theatre Inc ($867k) and Pittsburgh Irish Festival Inc ($867k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $88k (9.5% of expenses). Other salaries and wages came to $504k. At year end it held assets of $122k against liabilities of $207k, net assets of -$85k. It reported 8 employees.