I have no experience organizing and my free time is unfortunately very limited right now but this seems very much like a place that is worth saving somehow...
It's pretty clear that they no longer have enough money to continue operations and were too reliant on non-revenue based sources (grants/partnerships) to keep the doors open which seems to have run dry:
The reality is, our organization is unsustainable in its current form. Our revenue streams over the years have been a mix of membership, ticket sales, and office rentals, but heavily reliant on grants and partnerships. At present, without a significant investor, major partnership, or direct injection of funds, our runway is not long enough to make the changes necessary for building long-term self-reliance.
It's a shame, looks like a really interesting spot for tinkerers and hackers. Let's hope they do get a chance to come back as they say it will remain in some capacity. Sacramento is a long drive from the bay area, where you'd think most of the target demographic resides, but I'm guessing the rent prices on a space make it untenable.
There's quite a bit of industrial space at... let's call it "not entirely unreasonable" prices in e.g. Oakland or other areas further out. As a result, there's really no shortage of makerspaces in the Bay Area. (https://makernexuswiki.com/wiki/Maker_Spaces_In_San_Francisc...)
I looked into joining NYCResistor a while back and the membership fee was quite high (I don't remember it and I don't want to give wrong info). It was the kind of fee that would exclude a lot of people who this kind of space was meant to benefit and undercut the ethos of hacker/makerspaces generally. On the other hand, rent in downtown Brooklyn is really high. It sounds like this space was using grant funding to keep individual fees down and thereby promote accessibility. That's really cool. I am sad to see that they're closing, but this might be better for the community than multiplying membership fee rates or other "revenue" to stay open. It's a hard call and I don't envy them.
Given the location, and looking at pricing of comparable west coast makerspaces, this pricing model seems pretty fair.
Without daily active users a makerspace or hackerspace will usually stop growing in membership, leaving it in a lurch where rent is going up, tools aren't getting upgraded, and the space is becoming less viable by the month :c
That seems like a good idea until you've been through some of the courses I've seen people run at hacker spaces. You need a committee to vet the courses and fire instructors that are terrible.