New England Organ Bank Inc

Analysis

New England Organ Bank Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in October 1969, 57 years ago. 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 December 2023, New England Organ Bank Inc reported income of $94.3m and spending of $86.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $58.6m to $94.3m (+61%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Organ Bank Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Concordia College Corporation ($93.7m), Florida Hospital Dade City Inc ($94.9m) and William Carey University ($93.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. At year end it held assets of $68.3m against liabilities of $1.9m, net assets of $66.4m.