Minnesota Shakespeare Theater

Analysis

Minnesota Shakespeare Theater is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 2016, 10 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 June 2023, Minnesota Shakespeare Theater reported income of $125k and spending of $219k, spending 175% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $171k to $125k (-27%), an average of -27% a year. The sharpest change came in the year to June 2023, when income dropped by 27%. Over the whole period it spent 154% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Minnesota Shakespeare Theater sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Hello Stranger Foundation ($125k), Poway Symphony Orchestra Foundation ($125k) and Tampa Firefighters Museum Inc ($125k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $72k (33% of expenses). Other salaries and wages came to $20k. At year end it held assets of $47k against liabilities of $204k, net assets of -$157k. It reported 4 employees.