Shakespeare & Company Inc

Analysis

Shakespeare & Company Inc is a registered charity in United States, based in Lenox, MA. It received its IRS tax-exemption ruling in June 1979, 47 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 March 2024, Shakespeare & Company Inc reported income of $6.2m and spending of $5.6m, spending 91% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $4.5m to $6.2m (+39%), an average of +8.5% a year. The sharpest change came in the year to March 2022, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shakespeare & Company Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Asia Society Texas Center ($6.2m), Central City Opera House Association ($6.2m) and Neon Museum ($6.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 61% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $421k (7.5% of expenses). Other salaries and wages came to $2.5m. It paid $10k in professional fundraising fees. At year end it held assets of $13.1m against liabilities of $2.9m, net assets of $10.3m. It reported 193 employees.