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Shed Nyc Inc

EIN 90-0884353 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak35 out of 100GovernanceGood75 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It reported loans to or from officers, directors or other insiders.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

THE SHED IS A NEW CULTURAL INSTITUTION OF AND FOR THE 21ST CENTURY. 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. (CONTINUED ON SCHEDULE O)

Income
$32.8 million
Spending
$41.8 million
Spent on programs
74%
Reserves
-18.6 months of spending
Largest source of income
donations and private grants, 47%
Employees
1,188
Volunteers
367
Highest pay
$790,540, ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 35 out of 100. Higher than 4% of charities in its peer group (arts and culture, $10m to $100m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    20 of 20

    It owes 15% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 28% of income.

  • Income trend

    0 of 15

    Income fell 46% on the year before.

  • Spending floor

    15 of 15

    74% of spending went to programs and raising each dollar of donations cost 19 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 75 out of 100. Higher than 5% of charities in its peer group (arts and culture, $10m to $100m).

  • Independent board

    25 of 25

    35 of 38 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    0 of 10

    Reports at least one of: diversion of assets, excess benefits, loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $20.7 million spent. LIVE PERFORMANCE PROGRAMMING LIVE PERFORMANCE PROGRAMMING IS AN ANNUAL SERIES OF NEW WORKS BY ESTABLISHED AND EMERGING ARTISTS ACROSS PERFORMING ARTS DISCIPLINES. DIVERSITY OF GENRE AND AUDIENCE EXPERIENCE GUIDES THE SHED'S ARTISTIC CHOICES, AS DOES COMMISSIONED ARTISTS' APPETITES FOR EXPERIMENTATION. HERE WE ARE (SEPTEMBER 28, 2023 - JANUARY 21, 2024): THE WORLD PREMIERE OF THE FINAL MUSICAL BY COMPOSER STEPHEN SONDHEIM. WITH A BOOK BY DAVID IVES AND DIRECTED BY JOE MANTELLO, THE PRODUCTION FEATURED FRANCOIS BATTISTE, TRACIE BENNETT, BOBBY CANNAVALE, MICAELA DIAMOND, AMBER GRAY, JIN HA, RACHEL BAY JONES, DENIS O'HARE, STEVEN PASQUALE, DAVID HYDE PIERCE, AND JEREMY SHAMOS. HERE WE ARE IS BASED ON TWO LUIS BUNUEL FILMS, "THE DISCREET CHARM OF THE BOURGEOISIE "THE EXTERMINATING ANGEL." IT FOLLOWS A GROUP OF FRIENDS AS THEY ARE CHASING BRUNCH TO THE BRINK OF APOCALYPSE. (SEE ON SCHEDULE O) THE EFFECT (MARCH 3 - 31, 2024): WRITTEN BY LUCY PREBBLE, DIRECTED BY JAMIE LLOYD, THE EFFECT QUESTIONS THE LINE BETWEEN LOVE AND ETHICS AS TWO PEOPLE SETTLE INTO A DRUG TRIAL, THEN BEGIN TO FALL IN LOVE. THIS PRODUCTION WAS PRESENTED BY THE SHED AND THE NATIONAL THEATRE, IN ASSOCIATION WITH THE JAMIE LLOYD COMPANY, AND FEATURED MICHELE AUSTIN, PAAPA ESSIEDU, KOBNA HOLDBROOK-SMITH, AND TAYLOR RUSSELL. THE BREAKDOWN ODYSSEY BY MS. BOOGIE (SEPTEMBER 14, 2024): BROOKLYN-BASED RAPPER MS. BOOGIE PRESENTED A TWO-SHOW, ONE-NIGHT-ONLY PERFORMANCE OF HER DEBUT ALBUM, THE BREAKDOWN. LIVE IN THE GRIFFIN THEATER, MS. BOOGIE PERFORMED THE ALBUM IN TOTALITY. ALONGSIDE MINNEAPOLIS-BASED PRODUCER M. JAMISON, MS. BOOGIE DEBUTED NEVER-BEFORE-HEARD REMIXES AND FRESH TAKES FOR A FULL SONIC EXPERIENCE OF THIS TRANSFORMATIVE ALBUM THAT ADDRESSES THE EXCLUSION OF BLACK TRANS WOMEN IN HIP HOP CULTURE AND THE WORLD, PROVIDING "AN INTIMATE LOOK INTO THE OFT-UNSEEN REALITIES OF SEX WORK AND TRANS SURVIVAL (PITCHFORK)." KING LEAR (OCTOBER 26 - DECEMBER 15, 2024): KENNETH BRANAGH PLAYED THE TITLE ROLE IN A SOLD-OUT PRODUCTION OF WILLIAM SHAKESPEARE'S KING LEAR, SET IN THE BARBAROUS LANDSCAPE OF ANCIENT BRITAIN. FEATURING A CAST OF RISING STARS FROM THE ROYAL ACADEMY OF DRAMATIC ART AND CO-DIRECTED BY ROB ASHFORD, BRANAGH, AND LUCY SKILBECK, LEAR RELEASED THE PLAY'S POWER AND TURMOIL IN A FAST-PACED STAGING WITH A RUNNING TIME FAMILIAR TO THE PACE OF CINEMA. WITH THE DAILY TELEGRAPH CALLING ITS LONDON PRODUCTION "A PLAYFUL, FURIOUS, MAGNIFICENT LEAR," THE U.S. PRODUCTION EMPHASIZED THE PHYSICAL AND THE INTIMATE, INVITING AUDIENCE ENGAGEMENT THAT SPEAKS TO THE RAPIDITY AND URGENCY OF OUR TIME WITH THIS OPEN, DEMOCRATIC STAGING. THIS STRICTLY LIMITED, EXCLUSIVE US ENGAGEMENT OF KING LEAR RAN FOR 50 PERFORMANCES.
  2. $6.6 million spent. 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.
  3. $3.7 million spent. 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) ARMANDO GUADALUPE CORTES, LIZANIA CRUZ, BRYAN FERNANDEZ, LUIS A. GUTIERREZ, JEFFREY MERIS, CALLI ROCHE, AND SANDY WILLIAMS IV. SUMMER SWAY (JULY 12 - AUGUST 16, 2024): INSPIRED BY THE INCLUSION OF BREAKDANCING IN THE 2024 SUMMER OLYMPICS, THE SHED CELEBRATED THE ROOTS OF HIP HOP BY DIGGING INTO THE ART FORMS AND STYLES IT HAS INSPIRED - FROM BREAKING AND GRAFFITI TO DJING AND MCING. ON FRIDAY EVENINGS, SOME OF THE CITY'S FIERCEST DJS, DANCE COLLECTIVES, AND ARTISTS BROUGHT A PARTY TO THE PLAZA WITH FREE PERFORMANCES CENTERING QUEER, TRANS, AND BIPOC COMMUNITY-BASED AND COMMUNITY-BORN ART. THESE INCLUDED: JOSE PARLA, CLAVE Y CUBA, PAPI JUICE, SOUL SUMMIT, LADIES OF HIP-HOP, QUIANA PARKS AND GUESTS ARTISTS FOR A DANCE CYPHER, AND DJ PERLY. EVERY DAY OF THE WEEK, VISITORS EXPLORED OUR PUBLIC ART INSTALLATION-INCLUDING A PLAYLIST, A GRAFFITI ARTWORK BY QUONE, AND A TIMELINE OF HIP HOP'S LIVING HISTORY BY RAKIA SEABORN-THAT HIGHLIGHTS THE MOVEMENT'S GLOBAL SOCIAL IMPACT. THE INSTALLATION WAS PRODUCED BY NEON FAB STUDIOS. TO KICK OFF THE SUMMER EVENT, WE PARTNERED WITH WEST SIDE FEST TO PRODUCE A SPECIAL COMMUNITY PERFORMANCE. WEST SIDE FEST (JULY 12 - 14, 2024): THE SHED AND OUR NEIGHBORS IN THE WEST SIDE CULTURAL NETWORK CAME TOGETHER FOR THE SECOND ANNUAL WEST SIDE FEST: A WEEKEND OF FREE ADMISSION, SPECIAL INDOOR AND OUTDOOR PROGRAMMING, CRAFTS FOR KIDS, ARTMAKING FOR ALL AGES, AND MORE. THE SHED HOSTED VISITORS FOR A PUBLIC ART INSTALLATION ON THE PLAZA, CELEBRATING THE ROOTS OF HIP HOP, THE LEGACY OF BREAKING, DJING, MCING, AND GRAFFITI, AND THE MYRIAD FORMS AND GENRES WHICH THEY INSPIRE. THE STRUCTURES VISUALLY AND SONICALLY ASKED FOLKS TO CONSIDER THE DEPTH OF THESE ROOTS, ALONGSIDE HIP-HOP'S GLOBAL IMPACT ON SOCIETY.OTHER ORGANIZATIONS WHO PARTICIPATED IN WEST SIDE FEST INCLUDE THE WHITNEY MUSEUM OF AMERICAN ART, POSTER HOUSE, HILL ARTS FOUNDATION, HUDSON RIVER PARK, WESTBETH ARTISTS RESIDENCE, LITTLE ISLAND, WEST VILLAGE REHEARSAL CO-OP, THE LESBIAN, GAY, BISEXUAL, TRANSGENDER COMMUNITY CENTER, THE NEW YORK CITY AIDS MEMORIAL PARK, NEW YORK LIVE ARTS, THE KITCHEN, THE RUBIN MUSEUM OF ART, THE HIGH LINE, AND THE CENTER FOR ART, RESEARCH AND ALLIANCES (CARA). OPEN CALL 2024 PERFORMANCES (JUNE 20 - AUGUST 17, 2024): IN SUMMER 2024, IN THE SHED'S GRIFFIN THEATER, THE REMAINING EIGHT COMMISSIONS OF THE OPEN CALL PROGRAM FEATURE IMMERSIVE, MULTIDISCIPLINARY PERFORMANCES. ARTISTS PRESENTING PERFORMANCES INCLUDE CAIN COLEMAN, KYLE DACUYAN, KAYLA HAMILTON, NILE HARRIS, NIC KAY, ASIA STEWART, YAA SAMAR! DANCE THEATRE, AND GARRETT ZUERCHER.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2013.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.