Greater Metropolitan Community Blood Service Inc

Analysis

Greater Metropolitan Community Blood Service Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 May 2023, Greater Metropolitan Community Blood Service Inc reported income of $11.4m and spending of $7.7m, leaving 32% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income fell from $12.3m to $11.4m (-7.7%), an average of -2.0% a year. The sharpest change came in the year to May 2023, when income rose by 150%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Metropolitan Community Blood Service Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Open Sats Initiative Inc ($11.3m), Beacon ($11.4m) and Enlace Chicago ($11.3m).

Compensation of current officers, directors and key employees was $1.7m (22% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $77.3m against liabilities of $7.7m, net assets of $69.6m. It reported 29 employees.