Goleta Valley Historical Society

Analysis

Goleta Valley Historical Society is a registered charity in United States, based in Goleta, CA. It received its IRS tax-exemption ruling in July 1967, 59 years ago. 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, Goleta Valley Historical Society reported income of $296k and spending of $374k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $272k to $296k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goleta Valley Historical Society sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Cazcares Inc ($296k), Triad Honor Flight ($296k) and Century Trails Senior Housing ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 10% of the total. Other salaries and wages came to $133k. It paid $11k in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $4,908, net assets of $1.9m. It reported 10 employees.