Shed Nyc Inc
74% goes to programs $19 to raise $100 Strong reserves Declining revenue
Shed Nyc Inc is a 501(c)(3) organization based in New York, New York, registered in 2013, with $32,765,136 in FY2024 revenue. CharityIndex grades it C+, and it directs about 74% of spending to programs.
545 W 30th St, New York, NY, 10001 EIN 90-0884353 Since 2013
Revenue (FY2024)
$32.8M
▼ 45.9% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$41.8M
Net assets
$448.3M
Employees
1,188
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →BProgram efficiency40% of the rating74% to programs · $19 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Shed Nyc Inc: 74% to programs · $19 to raise $100 earns a B on this criterion. See the exact thresholds →
DFinancial health25% of the rating129 mo reserves · -28% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Shed Nyc Inc: 129 mo reserves · -28% margin earns a D on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Shed Nyc Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Shed Nyc Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
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.
What they do
Visual arts programming visual arts programming consists of a series of exhibitions featuring new works commissioned by the shed from a range of both established and early-career artists. luna luna: forgotten fantasy (november 20, 2024 - march 16, 2025): luna luna brings a spectacular showcase of the world's first art amusement park to the shed. the brainchild of artist andre heller, luna luna first opened its fairground in 1987 in hamburg, germany. by a twist of fate, the park's treasures were forgotten in storage in texas for 36 years. with a blockbuster showing in los angeles in december 2023, luna luna: forgotten fantasy resurrected these artworks, to audiences' delight. this exhibition invites visitors into a colorful, riotous fun house of carnival rides and attractions by visionary artists of the 20th century including jean-michel basquiat, arik brauer, salvador dali, sonia delaunay, monika gilsing, keith haring, andre heller, david hockney, roy lichtenstein, and kenny scharf. the multidisciplinary, multisensory experience will also feature special concerts and activations with performing artists to be announced.
Civic programming by creating socially-engaged work in partnership with local communities, the shed's civic program develops new avenues to engagement for artists and audiences who have historically been underserved by large manhattan-based cultural organizations. open call 2023/2024 group exhibition (november 4, 2023 - january 21, 2024): the open call 2023 group exhibition featured new artworks by emerging nyc artists who intersect their personal stories with global history, proposing care- and community-based responses to the urgent issues of our time. the exhibition presented the work of artists selected as part of open call, a large-scale commissioning program for early-career, nyc-based artists. open call artists who presented in the exhibition include minne atairu, jake brush, cathy linh che & christopher radcliff, (see on schedule o)
Contact & location
- Address
- 545 W 30th St, New York, NY, 10001
- City
- New York
- State
- New York
- Category
- Arts, Culture & Humanities
- Subcategory
- Arts & Cultural Organizations
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $87.9M (FY2017) to $32.8M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $79.0MNet assets $448.3M
Operating margin
-27.6%
Spent more than it raised in the latest fiscal year.
Total assets
$527.3M
Total liabilities
$79.0M
Net assets
$448.3M
Salaries & benefits
$14.2M
34% of expenses
Board members
38
35 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $32,765,136▼45.9% | $41,792,680▼7.2% | $448,339,245▼2.1% | $527,315,012▼4.1% | 990 |
| 2023 | $60,613,644▲110% | $45,014,718▼8.3% | $457,739,694▲3.6% | $549,675,355▼4.4% | 990 |
| 2022 | $28,897,150▼40.3% | $49,096,051▲27.6% | $441,792,409▼4.4% | $575,214,850▼4.9% | 990 |
| 2021 | $48,390,004▼52.7% | $38,489,710▼17.7% | $461,991,310▲2.3% | $605,118,283▼2.6% | 990 |
| 2020 | $102,270,782▲1.2% | $46,777,803▼22.1% | $451,685,263▲14.1% | $621,442,218▼0.6% | 990 |
| 2019 | $101,081,298▲36.3% | $60,025,560▲288% | $395,997,605▲11.5% | $625,242,260▲18.5% | 990 |
| 2018 | $74,185,565▼15.6% | $15,453,980▲85.3% | $355,067,629▲19.6% | $527,432,376▲24.9% | 990 |
| 2017 | $87,890,232 | $8,340,732 | $296,810,714 | $422,448,755 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Meredith Hodges — $739,977 (1.77% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Meredith Hodges | Ceo | 40 | $739,977 |
| Alexander Poots | Artistic Director | 40 | $524,145 |
| Abdul Younis | Chief Executive Producer | 40 | $350,657 |
| Peter Gee | Chief Financial Officer | 40 | $344,864 |
| Manuel Bejarano | Chief People Officer | 40 | $197,479 |
| Josh Phagoo | Operating Engineer | 40 | $196,639 |
| Laura Aswad | Producer | 40 | $183,782 |
| Jennifer Sunshine | Senior Director of Development | 40 | $181,301 |
| Maryann Jordan | Former Chief Operating Officer | 0 | $180,249 |
| Regina Dyches | Director of Strategic Partnerships | 40 | $160,421 |
| Darren Biggart | Director of Civic Programs | 40 | $152,806 |
| Adam Gagan | Director of Facilities | 40 | $150,213 |
| Jeffrey Levine | Chief Marketing & Comm Officer (end. 05/2024) | 40 | $104,681 |
| Brent Radeke | Chief Development Officer (beg. 07/2024) | 40 | $103,713 |
| Robert Mohler | Chief Development Officer (end. 03/2024) | 40 | $71,514 |
| Larae Ferry | Chief Marketing & Brand Officer (beg. 11/2024) | 40 | $30,760 |
| Andres Santo Domingo | Director | 0.5 | — |
| Ann Sarnoff | Director | 0.5 | — |
| Christina Weiss Lurie | Director | 0.5 | — |
| Claudia Rankine | Director | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Sciame Construction LLC | Construction Services | $2,076,000 |
| This Perfect Day On Stage LLC | Production Services | $626,967 |
| Allied Universal Security Services | Security Services | $614,323 |
| Ho Bohemia Limited | Production Services | $576,672 |
| Sheppard Mullin Richter & Hampton LLP | Legal Services | $523,886 |
Grants received · $87.5M total
60 grants to Shed Nyc Inc totaling $87.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Non-profit Management Foundation | General operating/annual support | 2024 | $1,500,000 |
| Ayco Charitable Foundation | Arts and culture | 2024 | $275,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $53,500 |
| American Endowment Foundation | Arts, culture | 2024 | $15,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| National Philanthropic Tr | Public, societal benefit | 2023 | $6,129,250 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $1,033,450 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $600,000 |
| Ayco Charitable Foundation | Arts and culture | 2023 | $250,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2023 | $25,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $6,555,600 |
| National Philanthropic Tr | Culture & arts | 2022 | $542,400 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2022 | $200,750 |
| Ayco Charitable Foundation | Arts and culture | 2022 | $100,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2022 | $51,250 |
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Frequently asked questions
- Is Shed Nyc Inc a legitimate nonprofit?
- Yes. Shed Nyc Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 90-0884353, based in New York, New York. Donations are tax-deductible.
- What is Shed Nyc Inc's EIN?
- Shed Nyc Inc's Employer Identification Number (EIN) is 90-0884353.
- How much revenue does Shed Nyc Inc report?
- Shed Nyc Inc reported $32,765,136 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Shed Nyc Inc's spending goes to programs?
- Shed Nyc Inc spends about 74% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Shed Nyc Inc have?
- CharityIndex grades Shed Nyc Inc C+, based on program efficiency and fundraising cost.
- How much does Shed Nyc Inc's highest-paid employee make?
- The highest reported compensation on Shed Nyc Inc's latest Form 990 is $739,977, paid to Meredith Hodges (Ceo).
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Data for Shed Nyc Inc (EIN 90-0884353) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.