Housing TR Fund of Santa Barbara County Inc

Analysis

Housing TR Fund of Santa Barbara County Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Housing TR Fund of Santa Barbara County Inc reported income of $2.6m and spending of $553k, leaving 79% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $319k to $2.6m (+716%), an average of +69% a year. The sharpest change came in the year to June 2022, when income rose by 213%. Over the whole period it spent 43% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Housing TR Fund of Santa Barbara County Inc sits at the 89th percentile: it is larger than about 89% 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 Oregon Trail Community Foundation ($2.6m), Undies for Everyone ($2.6m) and Must ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $136k (25% of expenses). Other salaries and wages came to $90k. At year end it held assets of $9.1m against liabilities of $2.1m, net assets of $7.0m. It reported 3 employees.