Skip to content

New York · Nonprofit

SPACEWORKS NYC INC

SPACEWORKS NYC INC (New York) receives grants from 6 organizations whose IRS filings report $1,941,055 to it, the largest being THE FORD FOUNDATION ($1,575,000). 2 of them have funded it in more than one year.

Revenue FY2022
$149
Funders on record
6
Grants received
$1.9M
Net assets
$-2286
2/6 repeat fundersgrants exceed reported revenue in one year
01What it does

What Spaceworks NYC Inc does

Mission

The organization ceased programmatic operations as of 6/30/20 and voted to dissolve in march 2021.spaceworks nyc, inc. Is a not-for-profit real-estate development organization dedicated to expanding the supply of long-term, affordable rehearsal and studio space for artists in new york city.

As stated on its FY2022 Form 990-EZ.

Program

  1. The organization ceased programmatic operations as of 6/30/20 and voted to dissolve in march 2021.spaceworks nyc, inc. Is a not-for-profit real-estate development organization dedicated to expanding the supply of long-term, affordable rehearsal and studio space for artists in new york city.

    $0 spent

The program described on its FY2020 Form 990-EZ. Program spending in total: $0.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($740k) Expenses 100 ($1.1M) Net assets 100 ($438k)2018 Revenue 468 ($3.5M) Expenses 118 ($1.3M) Net assets 587 ($2.6M)2019 Revenue 143 ($1.1M) Expenses 161 ($1.8M) Net assets 414 ($1.8M)2020 Revenue 36 ($269k) Expenses 185 ($2.1M) Net assets -2 ($-7121)2021 Revenue 5 ($33k) Expenses 2 ($28k) Net assets 0 ($-1745)2022 Revenue 0 ($149) Expenses 0 ($690) Net assets -1 ($-2286)
201720182019202020212022
Revenue (0)Expenses (0)Net assets (-1)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $709k to $2.8M (+292%).

$709k
$2.8M
$1.9M
$311k
$6k
$5k
201720182019202020212022
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 39% · 2018 16% · 2019 13% · 2020 8%. Grants only. Government contracts and fees sit inside program revenue.

0% of SPACEWORKS NYC INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (78% for the typical peer).

This organization
Typical peer · 18,808 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 6 reported years ran a deficit.

−$389k
’17
$2.1M
’18
−$761k
’19
−$1.8M
’20
$5k
’21
−$541
’22
1.6
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Anisha Steephen

Interim executive director

Board chair

David Koren

Chair

As listed on its FY2020 Form 990-EZ.

2017201820192020
Listed15131212
Joined·+0+1+1
No longer listed·221
03Who funds it

Who funds it, year by year

2017 → 2020: the base held at 2 funders, grant income rose $380k → $425k.

Funder
'17
'18
'19
'20
total
Race Forwardunclassified
$6k
funders
2
3
3
2

3 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 18% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of SPACEWORKS NYC INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

SPACEWORKS NYC INC leans on a few funders — its largest provides 81% of grant income and the top three 99%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

81%
largest funder
99%
top three
~1
effective funders

Largest funder’s share by year: 2017 79% · 2018 73% · 2019 77% · 2020 100% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of SPACEWORKS NYC INC's grant income comes from New York funders.

NY
DC

In-state vs out-of-state, by year

’17
’18
’19
’20
New York out of state home

Funder states come from each funder’s own filing. $355k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

SPACEWORKS NYC INC's funding has concentrated — grant income rose while the number of funders held roughly flat.

Operating margin−363% · bottom quartile
Revenue growth (annualized)−82% · bottom quartile

this organization peer median middle 50% of peers· 14,184 arts & culture nonprofits under $100k, FY2022

Organizations like SPACEWORKS NYC INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New York

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Public support

99%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

NY

Screen this organization

A dated, signed PDF of the compliance screen for SPACEWORKS NYC INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds SPACEWORKS NYC INC?
SPACEWORKS NYC INC (New York) receives grants from 6 organizations whose IRS filings report $1,941,055 to it, the largest being THE FORD FOUNDATION ($1,575,000). 2 of them have funded it in more than one year.
How many funders does SPACEWORKS NYC INC have?
IRS filings report 6 organizations giving $1,941,055 in grants to SPACEWORKS NYC INC, 2 of which have funded it in more than one year.
Who is the largest funder of SPACEWORKS NYC INC?
THE FORD FOUNDATION is the largest funder on record, with $1,575,000 in grants. The full list of funders is on this page.
How can an organization like SPACEWORKS NYC INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Spaceworks NYC →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2022 (financials across 2017–2022), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing