Shipyard Trust for the Arts

Analysis

Shipyard Trust for the Arts is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shipyard Trust for the Arts reported income of $321k and spending of $274k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $195k to $321k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 88% 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 Trust for the Arts sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Museum of the Plains ($321k), Staibdance Inc ($321k) and Pulliam Community Building Foundation ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. At year end it held assets of $356k against liabilities of $111k, net assets of $245k.