American Shakespeare Center

Analysis

American Shakespeare Center is a registered charity in United States, based in Staunton, VA. It received its IRS tax-exemption ruling in November 1990, 36 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 September 2023, American Shakespeare Center reported income of $3.1m and spending of $3.2m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.4m to $3.1m (-8.9%), an average of -2.3% a year. The sharpest change came in the year to September 2023, when income rose by 48%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Shakespeare Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Municipal Art Society of New York ($3.1m), St Louis Kaplan Feldman Holocaust Museum ($3.1m) and Stafford Air & Space Museum Foundation ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 24% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $85k (2.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.4m against liabilities of $2.8m, net assets of $575k. It reported 97 employees.