Summer Solstice Celebration Inc

Analysis

Summer Solstice Celebration Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in January 1984, 42 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Summer Solstice Celebration Inc reported income of $341k and spending of $325k, spending 95% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $267k to $341k (+28%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Summer Solstice Celebration Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Stagebridge ($341k), Bandera Natural History and Art Museum ($342k) and Teton Arts Council ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $49k (15% of expenses). Other salaries and wages came to $9,599. At year end it held assets of $52k against liabilities of -$34, net assets of $52k. It reported 1 employees.