Sweet Tea Shakespeare Inc

Analysis

Sweet Tea Shakespeare Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in January 2018, 8 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 2024, Sweet Tea Shakespeare Inc reported income of $173k and spending of $105k, leaving 40% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $211k to $173k (-18%), an average of -18% a year. The sharpest change came in the year to June 2024, when income dropped by 18%. Over the whole period it spent 53% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sweet Tea Shakespeare Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Greenpower USA Foundation ($173k), Main Street Gas City Indiana ($173k) and Alpharetta Symphony Orchestra Inc ($173k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $65k. At year end it held assets of $8,973 against liabilities of $65k, net assets of -$56k. It reported 2 employees.