Santa Barbara Museum of Art

Analysis

Santa Barbara Museum of Art is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in April 1985, 41 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 June 2022, Santa Barbara Museum of Art reported income of $224k and spending of $191k, spending 85% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $115k to $224k (+95%), an average of +25% a year. The sharpest change came in the year to June 2020, when income rose by 67%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Santa Barbara Museum of Art sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Revival of Cultural Arts ($224k), Students Publishing Company Inc Northwestern University ($224k) and Leadership Ohio ($224k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 144% of the total. Other salaries and wages came to $57k. At year end it held assets of $157k against liabilities of $808, net assets of $156k.