Santa Barbara Affordable Housing Group

Analysis

Santa Barbara Affordable Housing Group is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2024, Santa Barbara Affordable Housing Group reported income of $11.7m and spending of $13.1m, spending 112% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $9.7m to $11.7m (+20%), an average of +3.7% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Santa Barbara Affordable Housing Group sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Modesto Gospel Mission ($11.7m), Jewish Association for Residential Care Inc ($11.7m) and Midway Living Inc ($11.6m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 2.8% and program service revenue 94% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $106.2m against liabilities of $116.9m, net assets of -$10.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.