Alabama Shakespeare Festival Inc

Analysis

Alabama Shakespeare Festival Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in January 1976, 50 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, Alabama Shakespeare Festival Inc reported income of $9.7m and spending of $8.1m, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.4m to $9.7m (+30%), an average of +6.8% a year. The sharpest change came in the year to September 2022, when income rose by 126%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alabama Shakespeare Festival Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include Center for Black Educator Development ($9.6m), Carolina Ballet Inc ($9.7m) and Grand Rapids Symphony Society ($9.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $436k (5.4% of expenses). Other salaries and wages came to $3.6m. It paid $11k in professional fundraising fees. At year end it held assets of $9.2m against liabilities of $1.1m, net assets of $8.1m. It reported 253 employees.