Santa Barbara Art Association

Analysis

Santa Barbara Art Association is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in November 1973, 53 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 June 2024, Santa Barbara Art Association reported income of $51k and spending of $55k, spending 108% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $68k to $51k (-25%), an average of -25% a year. The sharpest change came in the year to June 2024, when income dropped by 25%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Santa Barbara Art Association sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within CA. Charities of a similar size with the same main cause include Argento New Music Project Inc ($51k), Desert Soul Media ($51k) and Historic Eleutherian College Inc ($51k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 13% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k.