Marin Shakespeare Company

Analysis

Marin Shakespeare Company is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in March 1995, 31 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 October 2023, Marin Shakespeare Company reported income of $1.6m and spending of $1.3m, spending 81% of its income. Across the 4 years on record, from October 2019 to October 2023, income fell from $2.1m to $1.6m (-26%), an average of -9.6% a year. The sharpest change came in the year to October 2022, when income rose by 135%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marin Shakespeare Company sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Illinois RT 66 Heritage Project ($1.6m), Elementary Institute of Science ($1.6m) and Clarksville-Montgomery County Museum ($1.6m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $100k (7.9% of expenses). Other salaries and wages came to $489k. At year end it held assets of $9.5m against liabilities of $1.1m, net assets of $8.4m. It reported 82 employees.