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EIN 83-4240559

Worthless Studios

IRS 501(c) type
501(c)(3)
Num. employees
13
City
New York
State
New York
Year formed
2019
Most recent tax filings
2023-12-01
NTEE code, primary
A40: Visual Art Organizations, Services
Description
Worthless Studios promotes the arts and provides support to new, aspiring, or emerging artists. It encourages economic development in the sector of art and other creative endeavors, including sculpture, painting, photography, and performance. The studio supports artists of all backgrounds by providing space, materials, technical assistance, and resources for them to realize their creative visions.
Also known as...
Worthless Foundation
Total revenues
$733,409
2023
Total expenses
$2,110,083
2023
Total assets
$9,011,506
2023
Num. employees
13
2023

Program areas at Worthless Studios

Providing space, materials, technical assitance, and resources for aspiring artists of all backgrounds to realize their creative visions.

Who funds Worthless Studios

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Rockefeller Brothers Fund (RBF)For Artist Residencies$100,000
Goldman Sachs GivesCommunity Outreach & Enrichment Programs$7,000
Jaf FoundationUnrestricted$5,000
...and 5 more grants received

Personnel at Worthless Studios

NameTitleCompensation
Katherine CooperManaging Director$89,118
Neil HamamotoFounder , President and Creative Director$0
Mike FormanBoard Member$0

Financials for Worthless Studios

RevenuesFYE 12/2023
Total grants, contributions, etc.$443,732
Program services$82,147
Investment income and dividends$57,689
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$173,104
Net gain from sale of non-inventory assets$-23,263
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$733,409

Form 990s for Worthless Studios

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-11990View PDF
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-08990View PDF
2019-122021-03-31990View PDF

Organizations like Worthless Studios

OrganizationLocationRevenue
ArtpaceSan Antonio, TX$1,099,274
Advocacy for the Visual ArtsGillette, WY$196,177
Bakehouse Art ComplexMiami, FL$1,435,616
Art EncounterEvanston, IL$456,596
Open Source GalleryBrooklyn, NY$857,749
Lawndale Art & Performance CenterHouston, TX$434,157
Southwestern Association for Indian Arts (SWAIA)Santa Fe, NM$1,480,066
Visual Art ExchangeRaleigh, NC$490,255
Albany BarnAlbany, NY$587,045
Naples Art AssociationNaples, FL$2,032,913
Data update history
October 24, 2024
Received grants
Identified 1 new grant, including a grant for $1,000 from The Brandt Jackson Foundation
January 16, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 29, 2023
Received grants
Identified 2 new grant, including a grant for $100,000 from Rockefeller Brothers Fund (RBF)
December 24, 2023
Received grants
Identified 2 new grant, including a grant for $3,000 from Mary and Kathleen Harriman Foundation
July 26, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Arts, culture, and humanities nonprofitsCharities
Issues
EducationArts, cultural, and humanities
Characteristics
Fundraising eventsReceives government fundingGala fundraisersTax deductible donationsAccepts online donations
General information
Address
PO Box 11
New York, NY 10013
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
worthlessstudios.org/ 
Phone
(917) 576-3999
IRS details
EIN
83-4240559
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A40: Visual Art Organizations, Services
NAICS code, primary
7113: Promoters of Performing Arts, Sports, and Similar Events
Parent/child status
Independent
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