Shakespeare at a NJ Nonprofit Corporation

Analysis

Shakespeare at a NJ Nonprofit Corporation is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in March 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 December 2023, Shakespeare at a NJ Nonprofit Corporation reported income of $90k and spending of $191k, spending 212% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $210k to $90k (-57%), an average of -24% a year. The sharpest change came in the year to December 2023, when income rose by 244%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shakespeare at a NJ Nonprofit Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within NJ. Charities of a similar size with the same main cause include Triad Performing Arts of Arizona ($90k), Batesville Downtown Foundation Inc ($90k) and Syner Foundation Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $19k (9.9% of expenses). Other salaries and wages came to $44k. At year end it held assets of $4,277 against liabilities of $19k, net assets of -$15k. It reported 19 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.