Nashville Shakespeare Festival

Analysis

Nashville Shakespeare Festival is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 1989, 37 years ago. 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 September 2023, Nashville Shakespeare Festival reported income of $747k and spending of $748k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $729k to $747k (+2.5%), an average of +0.6% a year. The sharpest change came in the year to September 2021, when income rose by 86%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nashville Shakespeare Festival sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Ahs of Greater Memphis Foundation Inc ($747k), Oak Park Preschool Inc ($747k) and Community Improvement Coalition ($747k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $115k (15% of expenses). Other salaries and wages came to $346k. At year end it held assets of $481k against liabilities of $39k, net assets of $442k. It reported 46 employees.