The Shakespeare Theatre of New Jersey Inc

Analysis

The Shakespeare Theatre of New Jersey Inc is a registered charity in United States, based in Florham Park, NJ. It received its IRS tax-exemption ruling in July 1972, 54 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 December 2023, The Shakespeare Theatre of New Jersey Inc reported income of $2.9m and spending of $3.8m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $2.9m (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 102% 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 Shakespeare Theatre of New Jersey Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Make a Wish of New Hampshire Inc ($2.9m), Kentucky Opera Association Inc ($2.9m) and The Metropolitan Center for the Visual Arts Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $200k (5.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $7.8m against liabilities of $2.4m, net assets of $5.4m. It reported 114 employees.