Santa Barbara Cottage Hospital

Analysis

Santa Barbara Cottage Hospital is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in October 1938, 88 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Santa Barbara Cottage Hospital reported income of $980.0m and spending of $918.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $837.6m to $980.0m (+17%), an average of +4.0% a year. Over the whole period it spent 93% 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 Cottage Hospital sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Bayhealth Medical Center Inc ($978.0m), Aultman Health Foundation Group Return ($982.2m) and Mountain States Health Alliance ($974.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 91% of the total. Other salaries and wages came to $308.6m. At year end it held assets of $2.22bn against liabilities of $644.7m, net assets of $1.57bn. It reported 3,882 employees.