Santa Maria Valley Community Foundation

Analysis

Santa Maria Valley Community Foundation is a registered charity in United States, based in Santa Maria, CA. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Santa Maria Valley Community Foundation reported income of $132k and spending of $141k, spending 107% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $452k to $132k (-71%), an average of -46% a year. The sharpest change came in the year to June 2022, when income dropped by 76%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Santa Maria Valley Community Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Florida Corrections Accreditation Commission Inc ($132k), North 24th Street Business Improvement District Association ($132k) and Belles Lettres Club ($132k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.