Richmond Shakespeare

Analysis

Richmond Shakespeare is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 2007, 19 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, Richmond Shakespeare reported income of $367k and spending of $352k, spending 96% of its income. Across the 6 years on record, from August 2019 to December 2023, income grew from $266k to $367k (+38%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 227%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Richmond Shakespeare sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Northwoods Childrens Museum ($367k), Bas Melech Performing Arts Program Inc ($367k) and Walton Band Parents Association Inc ($367k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $120k (34% of expenses). At year end it held assets of $241k against liabilities of $24k, net assets of $217k. It reported 4 employees.