New York Blood Center Inc

Analysis

New York Blood Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1961, 65 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, New York Blood Center Inc reported income of $564.8m and spending of $599.5m, spending 106% of what it took in. Across the 6 years on record, from March 2019 to December 2023, income grew from $391.2m to $564.8m (+44%), an average of +7.6% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New York Blood Center Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Franklin Square Hospital Center Inc ($564.1m), Genesis Health System ($566.6m) and Crouse Health Hospital Inc ($564.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $15.4m (2.6% of expenses). Other salaries and wages came to $166.4m. At year end it held assets of $784.3m against liabilities of $226.4m, net assets of $557.9m. It reported 2,843 employees.