Richmond Shakespeare
Richmond Shakespeare maintains stable finances with zero reported officer compensation.
EIN: 208342318 · Richmond, VA · NTEE: A65 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $545K |
| Total Expenses | $352K |
| Program Spending | 80% |
| Net Assets | $217K |
| Transparency Score | 85/100 |
Is Richmond Shakespeare Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richmond Shakespeare directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richmond Shakespeare
Richmond Shakespeare (EIN: 208342318) is a nonprofit organization based in Richmond, VA, classified under NTEE code A65. The organization reported total revenue of $545K and total assets of $203K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richmond Shakespeare's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richmond Shakespeare is a small nonprofit that has been operating for 19 years, with 15 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $367K |
| Total Expenses | $352K |
| Surplus / Deficit | +$16K |
| Total Assets | $241K |
| Total Liabilities | $24K |
| Net Assets | $217K |
| Operating Margin | 4.3% |
| Debt-to-Asset Ratio | 9.9% |
| Months of Reserves | 8.2 months |
Financial Health Grade: A
In 2023, Richmond Shakespeare reported a surplus of $16K with revenue exceeding expenses, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 9.9% (very low leverage).
Financial Trends
Over 15 years of filings (2011–2023), Richmond Shakespeare's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +60.9% | +40.7% | +32.0% |
| 2022 | +227.1% | +758.8% | -33.5% |
| 2021 | -63.2% | -73.3% | +11.0% |
| 2021 | -1.9% | -40.7% | +65.2% |
| 2020 | -27.3% | -28.2% | +10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Richmond Shakespeare with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Richmond Shakespeare allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.9%.
Executive Compensation Analysis
Richmond Shakespeare consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of its size and demonstrates a strong commitment to mission-focused spending.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Richmond Shakespeare's IRS 990 filings:
- Fluctuating revenue and expenses, making long-term financial planning potentially challenging.
- Periods of deficit spending, such as in 202212 where expenses ($249,983) exceeded revenue ($228,383).
Strengths
The following positive indicators were identified for Richmond Shakespeare:
- Consistent 0% officer compensation, demonstrating excellent financial stewardship and transparency.
- Healthy asset-to-liability ratio, with assets of $241,156 and liabilities of $23,789 in 202312.
- Generally operates with a surplus or near break-even, as seen in the 202312 filing with a $15,627 surplus.
Frequently Asked Questions about Richmond Shakespeare
Is Richmond Shakespeare a legitimate charity?
Richmond Shakespeare (EIN: 208342318) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 85/100. It has 15 years of IRS 990 filings on record. Total revenue: $545K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Richmond Shakespeare spend its money?
Richmond Shakespeare directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Richmond Shakespeare tax-deductible?
Richmond Shakespeare is registered as a tax-exempt nonprofit (EIN: 208342318). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Richmond Shakespeare's spending goes to programs?
Richmond Shakespeare directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Richmond Shakespeare compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Richmond Shakespeare is above average for NTEE category A65 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Richmond Shakespeare located?
Richmond Shakespeare is headquartered in Richmond, Virginia and files with the IRS under EIN 208342318. It is classified under NTEE code A65.
How many years of IRS 990 filings does Richmond Shakespeare have?
Richmond Shakespeare has 15 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $545K in total revenue.
Is Richmond Shakespeare a good charity?
Based on the available financial data, Richmond Shakespeare appears to be a good charity. It consistently reports 0% officer compensation, indicating strong financial stewardship and a focus on its mission. While revenue and expenses fluctuate, the organization generally operates with a healthy balance, as seen in the 202312 filing with a surplus of over $15,000.
How has Richmond Shakespeare's revenue trended?
Richmond Shakespeare's revenue has fluctuated significantly over the past decade, ranging from a low of $69,816 in 202112 to a high of $587,866 in 201508. The most recent filing (202312) shows revenue at $367,435, indicating a recovery from lower pandemic-era figures.
What is Richmond Shakespeare's financial stability?
Richmond Shakespeare demonstrates reasonable financial stability. In 202312, assets stood at $241,156 against liabilities of $23,789, indicating a strong net asset position. While there have been periods of deficit spending (e.g., 202212), the overall trend shows the organization managing its finances to maintain solvency.
Filing History
IRS 990 filing history for Richmond Shakespeare showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2011–2023), Richmond Shakespeare's revenue has grown by 126.4%, moving from $162K to $367K. Total assets increased by 186.4% over the same period, from $84K to $241K. Total functional expenses rose by 306.8%, from $86K to $352K. In its most recent filing year (2023), Richmond Shakespeare reported a surplus of $16K, with revenue exceeding expenses. The organization holds $24K in liabilities against $241K in assets (debt-to-asset ratio: 9.9%), resulting in net assets of $217K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $367K | $352K | $241K | $24K | — | — |
| 2022 | $228K | $250K | $183K | $0 | — | View 990 |
| 2021 | $70K | $29K | $275K | $38K | — | View 990 |
| 2021 | $190K | $109K | $248K | $50K | — | View 990 |
| 2020 | $193K | $184K | $150K | $60K | — | View 990 |
| 2019 | $266K | $256K | $135K | $56K | — | View 990 |
| 2018 | $306K | $364K | $141K | $75K | — | View 990 |
| 2017 | $393K | $391K | $223K | $99K | — | View 990 |
| 2016 | $405K | $399K | $286K | $164K | — | View 990 |
| 2015 | $588K | $430K | $211K | $95K | — | View 990 |
| 2014 | $26K | $58K | $74K | $116K | — | View 990 |
| 2014 | $141K | $191K | $5K | $15K | — | View 990 |
| 2013 | $175K | $172K | $43K | $3K | — | View 990 |
| 2012 | $138K | $184K | $37K | $0 | — | View 990 |
| 2011 | $162K | $86K | $84K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $367K, expenses of $352K, and assets of $241K (revenue +60.9% year-over-year).
- 2022: Revenue of $228K, expenses of $250K, and assets of $183K (revenue +227.1% year-over-year).
- 2021: Revenue of $70K, expenses of $29K, and assets of $275K (revenue -63.2% year-over-year).
- 2021: Revenue of $190K, expenses of $109K, and assets of $248K (revenue -1.9% year-over-year).
- 2020: Revenue of $193K, expenses of $184K, and assets of $150K (revenue -27.3% year-over-year).
- 2019: Revenue of $266K, expenses of $256K, and assets of $135K (revenue -13.0% year-over-year).
- 2018: Revenue of $306K, expenses of $364K, and assets of $141K (revenue -22.1% year-over-year).
- 2017: Revenue of $393K, expenses of $391K, and assets of $223K (revenue -3.1% year-over-year).
- 2016: Revenue of $405K, expenses of $399K, and assets of $286K (revenue -31.0% year-over-year).
- 2015: Revenue of $588K, expenses of $430K, and assets of $211K (revenue +2190.7% year-over-year).
- 2014: Revenue of $26K, expenses of $58K, and assets of $74K (revenue -81.8% year-over-year).
- 2014: Revenue of $141K, expenses of $191K, and assets of $5K (revenue -19.5% year-over-year).
- 2013: Revenue of $175K, expenses of $172K, and assets of $43K (revenue +26.5% year-over-year).
- 2012: Revenue of $138K, expenses of $184K, and assets of $37K (revenue -14.7% year-over-year).
- 2011: Revenue of $162K, expenses of $86K, and assets of $84K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richmond Shakespeare:
Data Sources and Methodology
This transparency report for Richmond Shakespeare is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.