Santa Barbara Showgrounds Foundation

Analysis

Santa Barbara Showgrounds Foundation is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in August 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Santa Barbara Showgrounds Foundation reported income of $603k and spending of $546k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $266k to $603k (+127%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 427%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Santa Barbara Showgrounds Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Heartland Therapeutic Riding Inc ($603k), Frederick Volleyball Club Juniors Inc ($604k) and Holly City Family Center a NJ Domestic Non-Profit Corporation ($603k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 96% of the total. At year end it held assets of $189k against liabilities of $0, net assets of $189k.