Royal Shakespeare FY2023 filing

Not tax-deductible

United Kingdom501(c)(3)Since 1925Arts & CultureEIN 13-3085180Revenue $86.4M in FY2023

On file with the IRSrsc.org.ukWarwickshire Cv37 6bb, 00000-0000 · United KingdomTax-exempt since Oct 1981Publicly supported charity — 170(b)(1)(A)(vi)

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The company's principal objectives laid down in the Royal charter are to conserve, advance and disseminate the dramatic heritage of Shakespeare and to advance and improve the dramatic art, both in the united kingdom and throughout the world. The company is charged with producing and presenting dramatic performances of all kinds, and with teaching and training and other educational activities.

93¢ of each $1 spent went to programs.
$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $602K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$48.7M
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$86.4M
+62% vs prior year
Spent
$86.5M
To programs
93%
Net assets
$153.2M
By yearFY2020–FY2025
Revenue
$86.4M
FY2023▲ +62%
Tap a bar for its year
Revenue by fiscal year
FY2020$91.4M
FY2021$55.9M
FY2022$53.3M
FY2023$86.4M
FY2024$114.6M
FY2025$104.3M
Expenses
$86.5M
FY2023▲ +49%
Tap a bar for its year
Expenses by fiscal year
FY2020$96.7M
FY2021$45.0M
FY2022$58.2M
FY2023$86.5M
FY2024$109.4M
FY2025$106.4M
Net assets
$153.2M
FY2023▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$147.7M
FY2021$178.2M
FY2022$167.2M
FY2023$153.2M
FY2024$164.8M
FY2025$165.2M

From the FY2023 Form 990 (year ending March 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1981.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $80.8M Management & general 4% · $3.8M Fundraising 2% · $1.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Artistic Director
$193,605Pt VII · Sec A
Executive Director
$164,172Pt VII · Sec A
Acting Artistic Director
$151,836Pt VII · Sec A
Finance Director
$114,839Pt VII · Sec A
Development Director
$113,469Pt VII · Sec A
Director of Audiences & Marketing
$111,700Pt VII · Sec A
Executive Advisor
$111,052Pt VII · Sec A
Director of Estates & IT
$107,351Pt VII · Sec A

Catherine Mallyon’s $227K as Former Executive Director is at the 4th percentile of top reported officer pay among 53 $100M+ arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Gregory Doran——$193,605$223,778$237,314$222,000
Catherine Mallyon$227,027$162,344$164,172$177,846$186,093$184,193
Daniel Evans$220,294$94,304————
Christopher Hill$218,764$113,651$111,700$114,941—$108,499
Tamara Harvey$196,532$119,051————
Erica Whyman—$186,943$151,836$142,681$121,254$145,368
Lisa Hughes$159,712—————
Andrew Leveson$148,820—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Preserves and advances Shakespeare's dramatic heritage through performances, education, and training worldwide.

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Provided by the organization

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1 program · $80.8M · in their own filed words · FY2022
01

Stratford strategy highlights and milestones in the year ending 31 march 2023, in stratford, are included in the list below, which is not exhaustive but is intended to demonstrate our work on stage, and also off stage in partnership with communities and other work that furthers our charitable objectives.

$80.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$86.4M
Ln 12
Fees for servicesLn 2g$60.4M
Gifts and grantsLn 1h$24.7M
Investment incomeLn 3$1.4M
Money outPt IX
$86.5M
Ln 25
Programscol B$80.8M
Managementcol C$3.8M
Fundraisingcol D$1.9M
Owns and owesPt X
$153.2M
net assets · Ln 32
Cash and savingsLn 1–2$20.2M
Total assetsLn 16$201.9M
LiabilitiesLn 26$48.7M
PeoplePt VI, VII
20
listed · VII A
PaidVII A8
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$24.7M
Government grantsLn 1e$19.4M
Fees for servicesLn 2g$60.4M
Investment incomeLn 3$1.4M
Total revenueLn 12$86.4M
Assets in detailPt X, end of year
SavingsLn 2$20.2M
Cash and savings togetherLn 1–2$20.2M
InvestmentsLn 11–13$49.9M
Land, buildings, equipmentLn 10c$116.0M
Total assetsLn 16$201.9M
LiabilitiesLn 26$48.7M
Net assetsLn 32$153.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 661
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$35.1M$20.2M
InvestmentsLn 11–13$39.1M$49.9M
Land, buildings, equipmentLn 10c$120.2M$116.0M
Total assetsLn 16$206.5M$201.9M
LiabilitiesLn 26$39.3M$48.7M
Net assetsLn 32$167.2M$153.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$614K$583K$31K
Advertising and promotionLn 12$4.4M$4.4M
Other expenses (24a–d)Ln 24$78.5M$75.8M$2.8M
All other expensesLn 24e$3.0M$1.0M$1.9M
Total functional expensesLn 25$86.5M$80.8M$3.8M$1.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $104.3M$106.4M−$2.1M$165.2M 990 PDF
FY2024 $114.6M$109.4M$5.2M$164.8M 990 PDF
FY2023 Viewing $86.4M$86.5M−$125K$153.2M 990 PDF
FY2022 $53.3M$58.2M−$4.9M$167.2M 990 PDF
FY2021 $55.9M$45.0M$10.8M$178.2M 990 PDF
FY2020 $91.4M$96.7M−$5.3M$147.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $86,391,214 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,469,930$24,730,888
I-9 Program service revenuePrior year $28,072,574$60,443,656
I-10 Investment incomePrior year $875,372$1,407,770
I-11 Other revenuePrior year −$124,090−$191,100
I-12 Total revenuePrior year $53,293,786$86,391,214
I-13 Grants and similar amounts paidPrior year $478,284$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $584,799$614,091
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $57,103,917$85,901,975
I-18 Total expensesPrior year $58,167,000$86,516,066
I-19 Revenue less expensesPrior year −$4,873,214−$124,852
Part VI · Governance 11 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $86,391,214 across 7 lines filed
VIII-1e Government grants$19,441,240
VIII-1f All other contributions, gifts and grants$5,289,648
VIII-1h Total contributions, gifts and grants$24,730,888
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $60,443,656$60,443,656
VIII-3 Investment incomeExcluded from tax $1,407,770$1,407,770
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$191,100−$191,100
VIII-12 Total revenueRelated to mission $60,252,556 · Unrelated business $0 · Excluded from tax $1,407,770$86,391,214
Part IX · Statement of functional expenses $86,516,066 across 4 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $583,386 · Management $30,705$614,091
IX-12 Advertising and promotionPrograms $4,416,958$4,416,958
IX-24 Other expenses (24a–d)Programs $75,758,580 · Management $2,774,579$78,533,159
IX-24e All other expensesManagement $1,040,858 · Fundraising $1,911,000$2,951,858
IX-25 Total functional expensesPrograms $80,758,924 · Management $3,846,142 · Fundraising $1,911,000$86,516,066
Part X · Balance sheet $201,881,627 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $35,063,232$20,216,733
X-4 Accounts receivableStart of year $4,287,552$10,426,224
X-8 Inventories for sale or useStart of year $4,442,746$2,810,010
X-9 Prepaid expenses and deferred chargesStart of year $3,352,445$2,455,048
X-10c Land, buildings and equipment, netStart of year $120,242,161$116,027,918
X-11 Publicly traded securitiesStart of year $35,068,492$46,371,342
X-12 Other securitiesStart of year $3,998,208$3,574,352
X-16 Total assetsStart of year $206,454,836$201,881,627
X-17 Accounts payable and accrued expensesStart of year $7,488,749$13,996,866
X-19 Deferred revenueStart of year $5,711,914$6,914,949
X-25 Other liabilitiesStart of year $26,085,677$27,813,158
X-26 Total liabilitiesStart of year $39,286,340$48,724,973
X-32 Total net assets or fund balancesStart of year $167,168,496$153,156,654
X-33 Total liabilities and net assetsStart of year $206,454,836$201,881,627
Part XI · Reconciliation of net assets $153,156,654 net assets at year end
XI-1 Total revenue$86,391,214
XI-2 Total expenses$86,516,066
XI-3 Revenue less expenses−$124,852
XI-4 Net assets at start of year$167,168,496
XI-5 Net unrealized gains (losses) on investments−$1,361,906
XI-9 Other changes in net assets−$12,525,084
XI-10 Net assets at end of year$153,156,654

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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