Royal Shakespeare: $86.4M Revenue, $86.5M Expenses

Royal Shakespeare grades a B on the NonprofitTruth efficiency rubric. 70/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.

Royal Shakespeare reported $86.4M in 2023 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. On the reserves factor, Royal Shakespeare scores well — assets relative to annual spending sit in the range nonprofit-finance experts consider healthy (roughly three months to two years of operating expenses).

Five-year revenue trend is mildly negative: a modest decline that could reflect grant-cycle timing, donor turnover, or program wind-down. Worth checking against the program-spending pattern to see whether the decline is structural. Officer compensation is modest relative to organizational size: Royal Shakespeare reports $614,091 in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $86.4M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. Royal Shakespeare sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.