The Santa Barbara Choral Society

Analysis

The Santa Barbara Choral Society is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. 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, The Santa Barbara Choral Society reported income of $371k and spending of $474k, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $209k to $371k (+78%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Santa Barbara Choral Society sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include The Everfund Inc ($371k), Retiree Housing of St Louis Inc ($371k) and Congressional Club Museum and Foundation ($371k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 17% of the total. Other salaries and wages came to $126k. At year end it held assets of $670k against liabilities of $55k, net assets of $615k. It reported 2 employees.