Blood Banks Association of New York State Inc

Analysis

Blood Banks Association of New York State Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 1968, 58 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Blood Banks Association of New York State Inc reported income of $64k and spending of $73k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $64k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blood Banks Association of New York State Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within MN. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($64k), Raising Hope Free Store ($64k) and Litchfield Area Mentorship Program-Kinship ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 89% of the total. At year end it held assets of $56k against liabilities of $16k, net assets of $41k.