Goleta Valley Professional Buildings Inc

Analysis

Goleta Valley Professional Buildings Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in September 1996, 30 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goleta Valley Professional Buildings Inc reported income of $7.3m and spending of $8.1m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $7.3m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goleta Valley Professional Buildings Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Philadelphia Visitor Center Corporation ($7.3m), Bioconnect Iowa ($7.3m) and Strive Northwest ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $115.9m against liabilities of $48.4m, net assets of $67.5m.