Shakespeare Association of America

Analysis

Shakespeare Association of America is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in May 1974, 52 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, Shakespeare Association of America reported income of $335k and spending of $379k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $400k to $335k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 93% 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 Association of America sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within AL. Charities of a similar size with the same main cause include Singers Minnesota Choral Artists ($335k), Arizona Citizens for the Arts ($335k) and Arkansas Choral Directors Association ($335k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $30k (7.9% of expenses). At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.