Austin Shakespeare Festival Co Inc

Analysis

Austin Shakespeare Festival Co Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 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 December 2022, Austin Shakespeare Festival Co Inc reported income of $412k and spending of $406k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $477k to $412k (-14%), an average of -4.8% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Austin Shakespeare Festival Co Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include St Croix Valley Sart ($412k), The Arts Partnership of the Red River Valley ($412k) and Academy of Dental Materials ($412k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 73% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $135k (33% of expenses). Other salaries and wages came to $15k. At year end it held assets of $296k against liabilities of $0, net assets of $296k. It reported 3 employees.