Santa Barbara Symphony Orchestra Association

Analysis

Santa Barbara Symphony Orchestra Association is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in October 1959, 67 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Santa Barbara Symphony Orchestra Association reported income of $4.7m and spending of $3.5m, leaving 25% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $2.8m to $4.7m (+70%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 104% 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 Symphony Orchestra Association sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Build Change ($4.7m), Parrish Art Museum Inc ($4.7m) and LF Charities Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $408k (12% of expenses). Other salaries and wages came to $961k. At year end it held assets of $3.8m against liabilities of $765k, net assets of $3.1m. It reported 202 employees.