Shakespeare Theatre

Analysis

Shakespeare Theatre is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1985, 41 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 July 2023, Shakespeare Theatre reported income of $15.2m and spending of $19.2m, spending 126% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $18.1m to $15.2m (-16%), an average of -4.3% a year. The sharpest change came in the year to July 2022, when income rose by 60%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shakespeare Theatre sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 91st percentile within DC. Charities of a similar size with the same main cause include Altasea at the Port of Los Angeles ($15.2m), Friends of PBS Wisconsin Inc ($15.2m) and J Craig Venter Institute Inc ($15.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 49% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $1.3m (6.7% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $64.3m against liabilities of $16.0m, net assets of $48.3m. It reported 439 employees.