Santa Barbara Museum of Art

Analysis

Santa Barbara Museum of Art is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in April 1985, 41 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Santa Barbara Museum of Art reported income of $19.0m and spending of $10.4m, leaving 45% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $11.1m to $19.0m (+71%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 80%. Over the whole period it spent 53% 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 Museum of Art sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include National Strategic Research Institute ($18.9m), Botanical Research Institute of Texas Inc ($19.0m) and CPWR the Center for Construction Research and Training ($18.9m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 41% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $391k (3.7% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $129.0m against liabilities of $3.2m, net assets of $125.9m. It reported 104 employees.