Michigan Shakespeare Festival Inc

Analysis

Michigan Shakespeare Festival Inc is a registered charity in United States, based in Plymouth, MI. It received its IRS tax-exemption ruling in March 1996, 30 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, Michigan Shakespeare Festival Inc reported income of $386k and spending of $409k, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $253k to $386k (+53%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 608%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Michigan Shakespeare Festival Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Heart of the Civil War Heritage Area Inc ($385k), Downtown Omaha Inc Foundation ($386k) and Pioneer School of Drama Pioneer Playhouse ($385k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Other salaries and wages came to $92k. At year end it held assets of -$6,445 against liabilities of $168k, net assets of -$175k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.