Foundation for Cottage Rehabilitation and Goleta Valley

Analysis

Foundation for Cottage Rehabilitation and Goleta Valley is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for Cottage Rehabilitation and Goleta Valley reported income of $2.5m and spending of $806k, leaving 68% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.5m to $2.5m (+66%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 34% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Cottage Rehabilitation and Goleta Valley sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Saze Community Services Inc ($2.5m), Alaskan AIDS Assistance Association ($2.5m) and Gateway Community Health Centers Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $32.6m against liabilities of $154k, net assets of $32.5m.