Ohio Shakespeare Festival

Analysis

Ohio Shakespeare Festival is a registered charity in United States, based in Kent, OH. It received its IRS tax-exemption ruling in August 2004, 22 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, Ohio Shakespeare Festival reported income of $326k and spending of $449k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $241k to $326k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ohio Shakespeare Festival sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include New Orleans Jazz Orchestra Inc ($326k), Ez Kids Creativity Shell ($326k) and Foundation for the Preservation of the Historic Millet Opera House ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 80% of the total. Other salaries and wages came to $176k. At year end it held assets of $172k against liabilities of $216k, net assets of -$44k. It reported 14 employees.