Alpha Resource Center of Santa Barbara

Analysis

Alpha Resource Center of Santa Barbara is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in December 1959, 67 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alpha Resource Center of Santa Barbara reported income of $4.5m and spending of $4.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $4.5m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alpha Resource Center of Santa Barbara sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Abc of NC Child Development Center ($4.5m), Homes by TLC Inc ($4.5m) and Lasagna Love Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $312k (7.0% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $6.6m against liabilities of $2.0m, net assets of $4.6m. It reported 151 employees.