The Foundation for Santa Barbara City College

Analysis

The Foundation for Santa Barbara City College is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in April 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Foundation for Santa Barbara City College reported income of $7.3m and spending of $7.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.3m to $7.3m (-21%), an average of -5.8% a year. The sharpest change came in the year to June 2021, when income rose by 333%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Foundation for Santa Barbara City College sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Academy Del Sol Inc ($7.3m), Spartanburg Preparatory School ($7.3m) and Global Impact STEM Academy ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% of the total. Compensation of current officers, directors and key employees was $478k (6.6% of expenses). Other salaries and wages came to $888k. At year end it held assets of $88.7m against liabilities of $4.6m, net assets of $84.1m. It reported 15 employees.