Shed NYC Inc
545 W 30th St, New York, NY · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $32,765,136 | $41,792,680 | $448,339,245 |
| FY2023 | $60,613,644 | $45,014,718 | $457,739,694 |
| FY2022 | $28,897,150 | $49,096,051 | $441,792,409 |
| FY2021 | $48,390,004 | $38,489,710 | $461,991,310 |
| FY2020 | $102,270,782 | $46,777,803 | $451,685,263 |
| FY2019 | $101,081,298 | $60,025,560 | $395,997,605 |
| FY2018 | $74,185,565 | $15,453,980 | $355,067,629 |
| FY2017 | $87,890,232 | $8,340,732 | $296,810,714 |
| FY2016 | $83,849,935 | $4,740,436 | $217,261,214 |
| FY2015 | $69,093,835 | $2,611,745 | $138,151,715 |
| FY2014 | $33,145,469 | $1,737,947 | $71,669,625 |
| FY2013 | $41,285,773 | $1,023,670 | $40,262,103 |
Form 990 filings
The returns filed by Shed NYC Inc (EIN 90-0884353), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $15,950,033 | 49% |
| Program service revenue | $7,963,540 | 24% |
| Other revenue | $8,851,563 | 27% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $31,108,236 | 74% |
| Management & general | $7,694,789 | 18% |
| Fundraising | $2,989,655 | 7% |
What the numbers show
- Contributions & grants made up 49% of total revenue in FY2024.
- Program services accounted for 74% of functional expenses, management & general 18%, and fundraising 7%.
- 74% of functional expenses went to program services in FY2024. That is higher than 37.1% of 132 Arts, Culture & Humanities organizations in NY.
- Net assets covered about 128.7 months of expenses at the end of the reporting year. That puts it in the 90th percentile among 3987 Arts, Culture & Humanities organizations in NY.
- Total revenue was higher than 99.1% of 4097 Arts, Culture & Humanities organizations in NY.
- Total revenue fell from $41,285,773 in FY2013 to $32,765,136 in FY2024. Revenue increased in 6 and decreased in 5 of 11 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 12 reported years (FY2022, FY2024).
- The highest revenue on record here is $102,270,782 in FY2020.
- Net assets grew from $40,262,103 to $448,339,245 between FY2013 and FY2024.
- Contributions and grants made up 100% of revenue in FY2013 and 49% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
WE PRODUCE AND WELCOME INNOVATIVE ART AND IDEAS, ACROSS ALL FORMS OF CREATIVITY, TO BUILD A SHARED UNDERSTANDING OF OUR RAPIDLY CHANGING WORLD AND A MORE EQUITABLE SOCIETY.
IRS status
| Ruling year | 2013 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | A20 — Arts, Culture & Humanities (in NY) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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