Foodbank of Santa Barbara County

Analysis

Foodbank of Santa Barbara County is a registered charity in United States, based in Goleta, CA. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Foodbank of Santa Barbara County reported income of $28.9m and spending of $26.1m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $29.5m to $28.9m (-2.1%), an average of -0.7% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foodbank of Santa Barbara County sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include San Diego Center for Children ($28.9m), Mennonite Home of Albany Inc ($28.9m) and Oakland Livingston Human Service Agency ($28.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $458k (1.8% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $49.9m against liabilities of $8.6m, net assets of $41.3m. It reported 70 employees.