Prague Shakespeare Company America

Analysis

Prague Shakespeare Company America is a registered charity in United States, based in Shoreacres, TX. It received its IRS tax-exemption ruling in September 2015, 11 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 December 2023, Prague Shakespeare Company America reported income of $509k and spending of $521k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $104k to $509k (+389%), an average of +121% a year. The sharpest change came in the year to December 2022, when income rose by 386%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Prague Shakespeare Company America sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Mill Town Players Inc ($509k), Robidoux Resident Theatre Inc ($509k) and Artsconnect Inc ($509k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $71k (14% of expenses). Other salaries and wages came to $60k. At year end it held assets of $22k against liabilities of $0, net assets of $22k.