Chesapeake Shakespeare Company

Analysis

Chesapeake Shakespeare Company is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Chesapeake Shakespeare Company reported income of $2.5m and spending of $2.6m, spending 106% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $1.8m to $2.5m (+35%), an average of +11% a year. The sharpest change came in the year to August 2021, when income rose by 46%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chesapeake Shakespeare Company sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Fine Arts Association Willoughby ($2.5m), Philadelphias Magic Gardens ($2.5m) and Youth Music Project ($2.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $136k (5.1% of expenses). Other salaries and wages came to $800k. At year end it held assets of $7.0m against liabilities of $623k, net assets of $6.4m. It reported 22 employees.