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New York · Nonprofit

The Royal National Theatre

The Royal National Theatre (New York) receives grants from 1 organization whose IRS filings report $1,000 to it, the largest being The Georgescu Family Foundation ($1,000). 0 of them have funded it in more than one year.

Revenue FY2025
$177M
Funders on record
1
Grants received
$1k
Net assets
$115M
0/1 repeat funderspeak grant-dependency 0%
01What it does

What The Royal National Theatre does

Mission

Theatre can lead to extraordinary moments of shared imagination. It enables us to stand in anothers shoes to better understand ourselves and the world around us. It shows us who we are, who we have been, who we could be. The nt delivers on this promise through a world-class programme of performance, reinvigorating existing work and exploring progressive new voices and forms. We make theatre with as wide a range of artists as possible, seeking always to find fresh perspectives on the stories that we tell. On our stages in london, and through tours, partnerships, digital and broadcast, we share this work with a large, diverse and evolving audience, throughout the uk and around the world. We aim to provide leadership and advocacy for theatre across the country. Our work is shaped by the world around us, and we seek to be constantly engaged with the wider national conversation. Through the work we make and our world-leading learning programme, we want to engage all audiences with the power

As stated on its FY2025 Form 990.

Program

  1. Our theatres on the South Bank In 2024/25, we staged 19 plays and musicals across the globe, including 13 productions in our theatres on the South Bank, five of which were world premieres. Our three theatres remained strongly attended at 81% seated capacity and we have continued to grow new audiences, with 94% of first-time attendees rating their experience as 'excellent'very good'. River Stage drew 36,000 visitors to London's largest free outdoor arts festival with four weekends of music, theatre, dance and workshops in collaboration with The Glory, Greenwich Docklands International Festival and Rambert. Sharing work beyond the South Bank An extraordinary 770,825 people experienced a live National Theatre production in 2024/25 in the West End, across the country and internationally. Theatre Nation Partnerships (TNP) By the National Theatre working in partnership with theatres and creative organisations in 13 priority areas of England, we create more opportunities for people to engage with theatre. This year we worked with our TNP partners on touring productions, community engagement and audience development activity, in-depth school programmes, expanding access to our digital…

    $145,416,463 spent$104,614,838 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $145,416,463.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($134M) Expenses 100 ($130M) Net assets 100 ($118M)2018 Revenue 106 ($142M) Expenses 112 ($145M) Net assets 110 ($130M)2019 Revenue 107 ($143M) Expenses 113 ($147M) Net assets 99 ($117M)2020 Revenue 101 ($136M) Expenses 112 ($146M) Net assets 87 ($102M)2021 Revenue 55 ($74M) Expenses 52 ($67M) Net assets 101 ($120M)2022 Revenue 82 ($110M) Expenses 84 ($109M) Net assets 98 ($116M)2023 Revenue 80 ($107M) Expenses 84 ($110M) Net assets 89 ($105M)2024 Revenue 113 ($152M) Expenses 121 ($157M) Net assets 87 ($103M)2025 Revenue 132 ($177M) Expenses 129 ($168M) Net assets 97 ($115M)
'17'18'19'20'21'22'23'24'25
Revenue (132)Expenses (129)Net assets (97)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $124M to $168M (+35%).

$141M
$156M
$140M
$124M
$168M
$172M
$158M
$166M
$185M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 17% · 2018 16% · 2019 16% · 2020 16% · 2021 51% · 2022 22% · 2023 19% · 2024 13% · 2025 19%. Grants only. Government contracts and fees sit inside program revenue.

40% of The Royal National Theatre’s revenue is contributions — about as donation-reliant as the typical peer (55% for the typical peer).

This organization
Typical peer · 55 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.

$4.4M
’17
−$2.7M
’18
−$3.6M
’19
−$10M
’20
$6.1M
’21
$957k
’22
−$2.3M
’23
−$5.0M
’24
$9.1M
’25
4.4
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Sir Damon Buffini

Chairman

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2022 and FY2023 filings.

'17'18'19'20'21'22'23'24'25
Listed201919191821212123
Joined·+5+6+5+5+6+4+4+7
No longer listed·66563445
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'18
total
funders
1

From the IRS filings of The Royal National Theatre’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

The Royal National Theatre draws 100% of its grant income from funders outside New York, across 1 state in all.

CT

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

The Royal National Theatre is better cushioned than half of the 42 arts & culture nonprofits its size.

Operating margin5% · below the median
Months of reserve4.4mo · above the median
Revenue growth (annualized)3% · below the median

this organization peer median middle 50% of peers· 42 arts & culture nonprofits over $100M, FY2025

Organizations like The Royal National Theatre

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New York

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

87% of spending goes to programs.

Program 87%Management 10%Fundraising 3%

Governance

14
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Public support

90%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

NY

Part of a family of 8 related entities

  • royal national theatre enterprise ltd · disregarded
  • national theatre productions limite · disregarded
  • National Theatre Staging Limited · disregarded
  • National Theatre North America LLC · disregarded
  • National Theatre Live Limited · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for The Royal National Theatre: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds The Royal National Theatre?
The Royal National Theatre (New York) receives grants from 1 organization whose IRS filings report $1,000 to it, the largest being The Georgescu Family Foundation ($1,000). 0 of them have funded it in more than one year.
How many funders does The Royal National Theatre have?
IRS filings report 1 organization giving $1,000 in grants to The Royal National Theatre.
Who is the largest funder of The Royal National Theatre?
The Georgescu Family Foundation is the largest funder on record, with $1,000 in grants. The full list of funders is on this page.
How can an organization like The Royal National Theatre find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Royal National Theatre →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing