Pennsylvania Shakespeare Festival

Analysis

Pennsylvania Shakespeare Festival is a registered charity in United States, based in Center Valley, PA. It received its IRS tax-exemption ruling in January 2017, 9 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 September 2023, Pennsylvania Shakespeare Festival reported income of $2.3m and spending of $2.5m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $2.3m (+16%), an average of +3.7% a year. The sharpest change came in the year to September 2021, when income rose by 112%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pennsylvania Shakespeare Festival sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include World Aquaculture Society Inc ($2.3m), Ukrainian Educational and Cultural ($2.3m) and The Hyde Collection Trust ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 42% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $132k (5.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.1m against liabilities of $77k, net assets of $7.0m. It reported 154 employees.