Lifeserve Blood Center

Analysis

Lifeserve Blood Center is a registered charity in United States, based in Johnston, IA. It received its IRS tax-exemption ruling in May 2010, 16 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 December 2023, Lifeserve Blood Center reported income of $48.1m and spending of $43.7m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $36.8m to $48.1m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifeserve Blood Center sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include Horizon House Rehabilitation Serv Inc ($48.1m), Trinidad Area Health Association ($48.1m) and George West Mental Health Foundation Inc ($48.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.0m (2.3% of expenses). Other salaries and wages came to $14.9m. At year end it held assets of $113.0m against liabilities of $27.6m, net assets of $85.4m. It reported 490 employees.