Santa Barbara Opera Association

Analysis

Santa Barbara Opera Association is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in June 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Santa Barbara Opera Association reported income of $1.9m and spending of $1.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.9m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 101% 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 Opera Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Area Stage Inc ($1.9m), California Youth Symphony Association ($1.9m) and Les Ballets Trockadero de Monte Carlo Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $163k (8.5% of expenses). Other salaries and wages came to $532k. At year end it held assets of $281k against liabilities of $118k, net assets of $163k. It reported 77 employees.