Santa Barbara Dermatology Foundation Inc

Analysis

Santa Barbara Dermatology Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Santa Barbara Dermatology Foundation Inc reported income of $81k and spending of $354k, spending 438% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $278k to $81k (-71%), an average of -46% a year. The sharpest change came in the year to December 2022, when income rose by 178%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Santa Barbara Dermatology Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within KY. Charities of a similar size with the same main cause include Howard Vardeman Irrev TR 2 Shriners Hospitals for Children ($81k), Gordonsville Medical Aid Fund Inc ($81k) and Healing Center SD Inc ($81k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $240k (68% of expenses). Other salaries and wages came to $73k. At year end it held assets of $120k against liabilities of $0, net assets of $120k.