Santa Barbara Soccer Club

Analysis

Santa Barbara Soccer Club is a registered charity in United States, based in Goleta, CA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 March 2022, Santa Barbara Soccer Club reported income of $1.8m and spending of $2.0m, spending 113% of what it took in. Across the 4 years on record, from March 2019 to March 2022, income grew from $1.1m to $1.8m (+59%), an average of +17% a year. The sharpest change came in the year to March 2022, when income rose by 31%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Santa Barbara Soccer Club sits at the 96th percentile: it is larger than about 96% 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 Princeton National Rowing Association ($1.8m), Sarasota Crew Inc ($1.8m) and Boys & Girls Club of the Flathead Reservation ($1.8m).

On its Form 990 for the period ending March 2022, revenue came from contributions and grants 1.2% and program service revenue 92% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $312k against liabilities of $349k, net assets of -$37k. It reported 37 employees.