Santa Barbara Education Foundation

Analysis

Santa Barbara Education Foundation is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in January 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Santa Barbara Education Foundation reported income of $3.0m and spending of $3.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.7m to $3.0m (-48%), an average of -15% a year. The sharpest change came in the year to June 2020, when income dropped by 67%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Santa Barbara Education Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Indiana Congress of Parents and Teachers Inc ($3.0m), P E O Star Scholarship ($3.0m) and Rooted School ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 5.6% of the total. Other salaries and wages came to $838k. At year end it held assets of $6.8m against liabilities of $100k, net assets of $6.7m. It reported 87 employees.