Cornerstone House of Santa Barbara Inc

Analysis

Cornerstone House of Santa Barbara Inc is a registered charity in United States, based in Carpinteria, CA. It received its IRS tax-exemption ruling in November 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Cornerstone House of Santa Barbara Inc reported income of $920k and spending of $805k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $566k to $920k (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cornerstone House of Santa Barbara Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Credit Counseling of Arkansas Inc ($920k), Kansas Breastfeeding Coalition Inc ($920k) and Good Measure International Incorporated ($919k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $75k (9.3% of expenses). Other salaries and wages came to $410k. At year end it held assets of $1.2m against liabilities of $64k, net assets of $1.2m. It reported 16 employees.