SBRM Support Corporation

Analysis

SBRM Support Corporation is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, SBRM Support Corporation reported income of $390k and spending of $509k, spending 130% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $6.9m to $390k (-94%), an average of -51% a year. The sharpest change came in the year to September 2020, when income dropped by 94%. Over the whole period it spent 25% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, SBRM Support Corporation sits at the 60th percentile: it is larger than about 60% 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 Almost Home Behavioral Health Ministries Corporation ($390k), Mtelo Ministries ($390k) and Employee Emergency Fund ($390k).

At year end it held assets of $15.6m against liabilities of $9.2m, net assets of $6.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.