Greater Santa Barbara Ice Skating Association

Analysis

Greater Santa Barbara Ice Skating Association is a registered charity in United States, based in Goleta, CA. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Greater Santa Barbara Ice Skating Association reported income of $2.5m and spending of $2.2m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.5m (+31%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 135%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greater Santa Barbara Ice Skating Association sits at the 97th percentile: it is larger than about 97% 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 Los Angeles Breakers F C ($2.5m), Omaha Football Club ($2.5m) and Elizabeth Park Conservancy Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $123k (5.6% of expenses). Other salaries and wages came to $419k. It paid $18k in professional fundraising fees. At year end it held assets of $12.9m against liabilities of $4.6m, net assets of $8.3m. It reported 60 employees.