The Society for the Advancement of Blood Management

Analysis

The Society for the Advancement of Blood Management is a registered charity in United States, based in Mount Royal, NJ. It received its IRS tax-exemption ruling in May 2006, 20 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, The Society for the Advancement of Blood Management reported income of $686k and spending of $661k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $697k to $686k (-1.6%), an average of -0.4% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Society for the Advancement of Blood Management sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Recovery International ($686k), Heavenly Hoofs Inc ($687k) and The Tristesse Grief Center Inc ($686k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. At year end it held assets of $413k against liabilities of $69k, net assets of $343k.