Caps of Santa Barbara Inc

Analysis

Caps of Santa Barbara Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in September 1988, 38 years ago. 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, Caps of Santa Barbara Inc reported income of $195k and spending of $134k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $591k to $195k (-67%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 74%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caps of Santa Barbara Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Guate-Mex Vision Inc ($195k), Corvallis Sister City Association Inc ($195k) and Earth Images Foundation ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 70% of the total. At year end it held assets of $1.6m against liabilities of $12k, net assets of $1.6m.