Santa Barbara Water Polo Club Inc

Analysis

Santa Barbara Water Polo Club Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in March 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 August 2022, Santa Barbara Water Polo Club Inc reported income of $309k and spending of $303k, spending 98% of its income. Across the 4 years on record, from August 2019 to August 2022, income fell from $454k to $309k (-32%), an average of -12% a year. The sharpest change came in the year to August 2020, when income dropped by 57%. 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 Water Polo Club Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Simi Valley Soccer Club ($309k), Falmouth Baseball Club Inc ($309k) and Port Orange Soccer Club Inc ($309k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $33k (11% of expenses). Other salaries and wages came to $166k. At year end it held assets of $164k against liabilities of $28k, net assets of $136k. It reported 16 employees.