HCSC Blood Center

Analysis

HCSC Blood Center is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in September 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, HCSC Blood Center reported income of $34.5m and spending of $31.8m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $30.7m to $34.5m (+12%), an average of +3.0% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, HCSC Blood Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Upmc ($34.5m), International Falls Memorial Hospital Assn ($34.5m) and Kentucky Blood Center Inc ($34.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $711k (2.2% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $24.5m against liabilities of $4.9m, net assets of $19.6m. It reported 266 employees.