Fund for Santa Barbara Inc

Analysis

Fund for Santa Barbara Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in August 1985, 41 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Fund for Santa Barbara Inc reported income of $2.7m and spending of $2.0m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.7m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fund for Santa Barbara Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Mt Pleasant Area Community Foundation Inc ($2.7m), Community Foundation of Washington County Inc ($2.7m) and Sonora Area Foundation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $18k (0.9% of expenses). Other salaries and wages came to $701k. At year end it held assets of $4.3m against liabilities of $387k, net assets of $3.9m. It reported 12 employees.