The Santa Barbara Ventura College O F Law

Analysis

The Santa Barbara Ventura College O F Law is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1970, 56 years ago. 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 May 2023, The Santa Barbara Ventura College O F Law reported income of $6.2m and spending of $6.1m, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $8.5m to $6.2m (-27%), an average of -7.6% a year. The sharpest change came in the year to May 2020, when income dropped by 46%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Santa Barbara Ventura College O F Law sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Cruden Bay Risk Retention Group Inc ($6.2m), Edward Health and Fitness Center ($6.2m) and David M Crowley Foundation ($6.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $633k (10% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $11.3m against liabilities of $3.1m, net assets of $8.2m. It reported 117 employees.