Royal Shakespeare

Analysis

Royal Shakespeare is a registered charity in United States, based in United Kingdom. It received its IRS tax-exemption ruling in October 1981, 45 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).

In the financial year ending March 2023, Royal Shakespeare reported income of $86.4m and spending of $86.5m, spending 100% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $113.3m to $86.4m (-24%), an average of -6.6% a year. The sharpest change came in the year to March 2023, when income rose by 62%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Royal Shakespeare sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile. Charities of a similar size with the same main cause include San Francisco Opera Association ($85.3m), Institute for Advanced Study ($88.4m) and For Inspiration and Recognition of Science and Technology First ($84.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $614k (0.7% of expenses). At year end it held assets of $201.9m against liabilities of $48.7m, net assets of $153.2m.