Santa Barbara Premier Water Polo

Analysis

Santa Barbara Premier Water Polo is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in September 2016, 10 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 Premier Water Polo reported income of $331k and spending of $354k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $331k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 78%. 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, Santa Barbara Premier Water Polo sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Liberty League Inc ($331k), Hazlet Youth Athletic League Inc ($331k) and North Side Archery Club ($331k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $12k (3.5% of expenses). Other salaries and wages came to $71k. At year end it held assets of $30k against liabilities of $35k, net assets of -$4,081. It reported 16 employees.