Island Shakespeare Festival

Analysis

Island Shakespeare Festival is a registered charity in United States, based in Langley, WA. It received its IRS tax-exemption ruling in September 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Island Shakespeare Festival reported income of $307k and spending of $435k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $253k to $307k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 108%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Island Shakespeare Festival sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include Trail of History Incorporated ($307k), Harlem Gospel Choir on Tour Inc ($307k) and Knoxville Symphony Foundation ($307k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 34% of the total. Other salaries and wages came to $282k. At year end it held assets of $19k against liabilities of $94k, net assets of -$75k. It reported 43 employees.