Santa Barbara Cottage Hospital Foundation

Analysis

Santa Barbara Cottage Hospital Foundation is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in June 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Santa Barbara Cottage Hospital Foundation reported income of $69.1m and spending of $16.3m, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.1m to $69.1m (+175%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 43% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Santa Barbara Cottage Hospital Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Stony Brook Surgical Associates University Faculty Practice Corp ($69.0m), Murphy Medical Center Inc ($69.1m) and Versiti Michigan Inc ($69.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 0.3% of the total. At year end it held assets of $273.6m against liabilities of $4.6m, net assets of $269.0m.