Old Globe Theatre

Analysis

Old Globe Theatre is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 1952, 74 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, Old Globe Theatre reported income of $27.7m and spending of $36.8m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $95.6m to $27.7m (-71%), an average of -27% a year. The sharpest change came in the year to December 2020, when income dropped by 83%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Old Globe Theatre 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 98th percentile within CA. Charities of a similar size with the same main cause include Conner Prairie Foundation Inc ($27.6m), Broadway Dallas Inc ($27.8m) and Baltimore Museum of Art Inc ($27.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $2.2m (6.0% of expenses). Other salaries and wages came to $14.7m. It paid $425k in professional fundraising fees. At year end it held assets of $74.1m against liabilities of $10.0m, net assets of $64.1m. It reported 729 employees.