Cancer Foundation of Santa Barbara

Analysis

Cancer Foundation of Santa Barbara is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in July 1951, 75 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Cancer Foundation of Santa Barbara reported income of $17.3m and spending of $7.5m, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.2m to $17.3m (+110%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 211%. Over the whole period it spent 53% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cancer Foundation of Santa Barbara sits at the 88th percentile: it is larger than about 88% 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 Mary Crowley Medical Research Center ($17.3m), Friends of Youth ($17.3m) and Suncoast Communities Blood Bank Inc ($17.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $383k (5.1% of expenses). Other salaries and wages came to $84k. At year end it held assets of $151.0m against liabilities of $1.3m, net assets of $149.7m. It reported 5 employees.