The Heart of America Shakespeare Festival

Analysis

The Heart of America Shakespeare Festival is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in January 1992, 34 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Heart of America Shakespeare Festival reported income of $1.0m and spending of $978k, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $992k to $1.0m (+5.1%), an average of +1.2% a year. The sharpest change came in the year to September 2022, when income rose by 61%. Over the whole period it spent 86% 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 Heart of America Shakespeare Festival sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within MO. Charities of a similar size with the same main cause include Peale Center for Baltimore History and Architecture Inc ($1.0m), Pacific Jazz Orchestra ($1.0m) and Just Buffalo Literary Center Inc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $103k (11% of expenses). At year end it held assets of $1.3m against liabilities of $96k, net assets of $1.2m. It reported 81 employees.