Santa Barbara Student Housing

Analysis

Santa Barbara Student Housing is a registered charity in United States, based in Goleta, CA. It received its IRS tax-exemption ruling in October 1978, 48 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Santa Barbara Student Housing reported income of $1.1m and spending of $1.0m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $908k to $1.1m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Santa Barbara Student Housing sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Parkview Christian Estates ($1.1m), Consumer Law Building Corporation ($1.1m) and Tapestry Development Group Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $134k (13% of expenses). Other salaries and wages came to $131k. At year end it held assets of $5.8m against liabilities of $5.4m, net assets of $423k. It reported 2 employees.