Royal National Theatre

Analysis

Royal National Theatre is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2014, 12 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).

In the financial year ending March 2023, Royal National Theatre reported income of $107.4m and spending of $109.7m, spending 102% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $143.4m to $107.4m (-25%), an average of -7.0% a year. The sharpest change came in the year to March 2022, when income rose by 50%. 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, Royal National Theatre sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include American Society for Testing and Materials ($106.9m), Field Museum of Natural History ($110.1m) and Ithaka Harbors Inc ($106.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 36% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $570k (0.5% of expenses). Other salaries and wages came to $39.9m. At year end it held assets of $158.3m against liabilities of $53.4m, net assets of $104.9m.