Santa Barbara Bowl Foundation

Analysis

Santa Barbara Bowl Foundation is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in July 1988, 38 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Santa Barbara Bowl Foundation reported income of $8.4m and spending of $6.9m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.7m to $8.4m (-4.4%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 235%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Santa Barbara Bowl Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Steamboat Health & Recreation Association ($8.3m), First Serve - NM Inc ($8.4m) and Arkansas State University Red Wolves Foundation Inc ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $264k (3.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $51.5m against liabilities of $1.4m, net assets of $50.2m. It reported 16 employees.