Santa Barbara Rescue Mission

Analysis

Santa Barbara Rescue Mission is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in May 1966, 60 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Santa Barbara Rescue Mission reported income of $4.8m and spending of $4.8m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.5m to $4.8m (+92%), an average of +18% a year. The sharpest change came in the year to September 2020, when income rose by 69%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Santa Barbara Rescue Mission sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Breaking Ground II Housing Development Fund Corporation ($4.8m), Promise House Inc ($4.9m) and Richfield Senior Housing Inc ($4.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $377k (7.9% of expenses). Other salaries and wages came to $1.1m. It paid $350k in professional fundraising fees. At year end it held assets of $14.5m against liabilities of $1.9m, net assets of $12.6m. It reported 37 employees.