Museum of Contemporary Art Santa Barbara Inc

Analysis

Museum of Contemporary Art Santa Barbara Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in February 1979, 47 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 July 2023, Museum of Contemporary Art Santa Barbara Inc reported income of $88k and spending of $193k, spending 221% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $322k to $88k (-73%), an average of -28% a year. The sharpest change came in the year to July 2020, when income dropped by 245%. Over the whole period it spent 946% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of Contemporary Art Santa Barbara Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Curtains Up Youth Theatre ($88k), Stage Source Inc ($88k) and Grace Chorale of Brooklyn ($88k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $41k. At year end it held assets of $708k against liabilities of $30k, net assets of $678k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.