Santa Barbara Mariachi Festival Inc

Analysis

Santa Barbara Mariachi Festival Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in June 1998, 28 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 December 2023, Santa Barbara Mariachi Festival Inc reported income of $397k and spending of $392k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $514k to $397k (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2022, when income rose by 507%. Over the whole period it spent 88% 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 Mariachi Festival Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Youngstown Playhouse Inc ($397k), Tempesta Di Mare Inc ($397k) and Americas Hometown Thanksgiving Celebration ($397k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $251k against liabilities of $0, net assets of $251k.