Lake Tahoe Shakespeare Festival

Analysis

Lake Tahoe Shakespeare Festival is a registered charity in United States, based in Incline VLG, NV. It received its IRS tax-exemption ruling in September 1996, 30 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 December 2023, Lake Tahoe Shakespeare Festival reported income of $3.7m and spending of $2.8m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.7m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2021, when income rose by 407%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake Tahoe Shakespeare Festival sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NV. Charities of a similar size with the same main cause include The HDF Group ($3.7m), Southwest Dairy Museum Inc ($3.7m) and City Bureau NFP ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 50% of the total. Other salaries and wages came to $753k. At year end it held assets of $4.9m against liabilities of $429k, net assets of $4.5m. It reported 108 employees.