Royal Shakespeare Company America

Analysis

Royal Shakespeare Company America is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1996, 30 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 March 2023, Royal Shakespeare Company America reported income of $563k and spending of $622k, spending 111% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $993k to $563k (-43%), an average of -13% a year. The sharpest change came in the year to March 2020, when income dropped by 48%. Over the whole period it spent 106% 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 Shakespeare Company America sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Nantucket Preservation Trust Inc ($563k), Freehold Theatre Lab Studio ($563k) and Lime Kiln Arts Inc ($563k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $46k (7.4% of expenses). At year end it held assets of $557k against liabilities of $5,411, net assets of $552k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.