Montecito Community Foundation

Analysis

Montecito Community Foundation is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in March 1967, 59 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Montecito Community Foundation reported income of $326k and spending of $299k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $79k to $326k (+311%), an average of +42% a year. The sharpest change came in the year to December 2020, when income rose by 159%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Montecito Community Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Passion for Childrens Inc ($326k), Blackacre Conservancy Inc ($326k) and United Way of 1000 Lakes ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $1.3m against liabilities of $27k, net assets of $1.3m.