Oregon Shakespeare Festival Association

Analysis

Oregon Shakespeare Festival Association is a registered charity in United States, based in Ashland, OR. It received its IRS tax-exemption ruling in June 1939, 87 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 October 2023, Oregon Shakespeare Festival Association reported income of $35.8m and spending of $36.2m, spending 101% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $45.3m to $35.8m (-21%), an average of -5.7% a year. The sharpest change came in the year to October 2020, when income dropped by 44%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oregon Shakespeare Festival Association sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OR. Charities of a similar size with the same main cause include Medal of Honor Museum Foundation ($35.6m), Advanced Robotics for Manufacturing Institute ($35.9m) and Science Museum of Minnesota ($35.1m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 74% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $1.6m (4.5% of expenses). Other salaries and wages came to $15.1m. It paid $308k in professional fundraising fees. At year end it held assets of $50.9m against liabilities of $23.5m, net assets of $27.4m. It reported 520 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.