Stratford Shakespearean Festival of America

Analysis

Stratford Shakespearean Festival of America is a registered charity in United States, based in Birmingham, MI. It received its IRS tax-exemption ruling in September 1982, 44 years ago. 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 October 2023, Stratford Shakespearean Festival of America reported income of $4.0m and spending of $3.9m, spending 99% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $5.5m to $4.0m (-28%), an average of -7.8% a year. The sharpest change came in the year to October 2021, when income dropped by 20%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stratford Shakespearean Festival of America sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Tennessee Mental Health Consumers Associaton Inc Term ($4.0m), Iron Workers Local Union 8 Joint Apprntcshp&adv Jrnymn TRNG TR FD ($4.0m) and Epstein School Foundation Inc ($4.0m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. At year end it held assets of $1.9m against liabilities of $86k, net assets of $1.8m.