Santa Barbara Housing Assistance Corporation

Analysis

Santa Barbara Housing Assistance Corporation is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Santa Barbara Housing Assistance Corporation reported income of $320k and spending of $96k, leaving 70% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $405k to $320k (-21%), an average of -5.7% a year. The sharpest change came in the year to September 2023, when income rose by 242%. Over the whole period it spent 46% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Santa Barbara Housing Assistance Corporation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include One to Four Rehabilitation Corporation ($320k), Ross Valley Ecumenical Housing Asso ($320k) and Second Wind Cottages Inc ($320k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 61% of the total. Other salaries and wages came to $28k. At year end it held assets of $8.9m against liabilities of $100, net assets of $8.9m.