Santa Barbara Strings

Analysis

Santa Barbara Strings is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in May 2011, 15 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Santa Barbara Strings reported income of $169k and spending of $123k, leaving 27% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $125k to $169k (+36%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 44%. Over the whole period it spent 86% 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 Strings sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Spectordance ($169k), Oracle Piano Society ($169k) and Alaska Chamber Singers ($169k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 33% of the total. At year end it held assets of $103k against liabilities of $0, net assets of $103k.