Shipyard Studios

Analysis

Shipyard Studios is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shipyard Studios reported income of $461k and spending of $460k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $223k to $461k (+107%), an average of +107% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shipyard Studios sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Art of Elan ($461k), Los Gatos Public Media Inc ($461k) and Virginia Hispanic Chamber Foundation Inc ($461k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $4,519 against liabilities of $0, net assets of $4,519.