Villa Caridad

Analysis

Villa Caridad is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in December 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Villa Caridad reported income of $924k and spending of $1.8m, spending 193% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $847k to $924k (+9.1%), an average of +2.9% a year. Over the whole period it spent 191% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Villa Caridad sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Portland Disciples Housing Inc ($923k), Alabama Nonprofit Housing Inc ($924k) and Palermo Lakes Inc ($923k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 54% and program service revenue 46% of the total. Other salaries and wages came to $244k. At year end it held assets of $9.5m against liabilities of $3.2m, net assets of $6.3m.

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.