Texas Shakespeare Festival Foundation

Analysis

Texas Shakespeare Festival Foundation is a registered charity in United States, based in Kilgore, TX. It received its IRS tax-exemption ruling in May 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2022, Texas Shakespeare Festival Foundation reported income of $335k and spending of $353k, spending 105% of what it took in. Across the 4 years on record, from August 2019 to August 2022, income grew from $242k to $335k (+38%), an average of +11% a year. The sharpest change came in the year to August 2020, when income rose by 72%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Shakespeare Festival Foundation 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 68th percentile within TX. Charities of a similar size with the same main cause include Friends of Fort Fisher Incorporated ($335k), Caribbean Central American Research Council ($335k) and Historic Rural Hill Inc ($335k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $33k (9.4% of expenses). At year end it held assets of $538k against liabilities of $0, net assets of $538k. It reported 2 employees.