The Independent Shakespeare Co Inc

Analysis

The Independent Shakespeare Co Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 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, The Independent Shakespeare Co Inc reported income of $957k and spending of $945k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $759k to $957k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Independent Shakespeare Co Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Crearte Inc ($957k), Shenandoah Valley Discovery Museum Inc ($958k) and Kids Excel El Paso Inc ($957k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $163k (17% of expenses). Other salaries and wages came to $298k. It paid $30k in professional fundraising fees. At year end it held assets of $261k against liabilities of $46k, net assets of $215k. It reported 50 employees.