Santa Barbara Public Library Foundation

Analysis

Santa Barbara Public Library Foundation is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Santa Barbara Public Library Foundation reported income of $672k and spending of $364k, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $168k to $672k (+301%), an average of +42% a year. The sharpest change came in the year to June 2020, when income rose by 697%. Over the whole period it spent 33% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Santa Barbara Public Library Foundation sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Berkeley County Congregational Cooperative Action Project Inc ($672k), Manna House Incorporated ($672k) and West Chester Library Association West Chester Public Library ($672k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $97k (27% of expenses). Other salaries and wages came to $15k. At year end it held assets of $6.2m against liabilities of $6,502, net assets of $6.2m. It reported 3 employees.