Northern Illinois Blood Bank Inc

Analysis

Northern Illinois Blood Bank Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in June 1955, 71 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, Northern Illinois Blood Bank Inc reported income of $11.2m and spending of $11.4m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $8.8m to $11.2m (+28%), an average of +5.0% a year. The sharpest change came in the year to June 2021, when income rose by 59%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Northern Illinois Blood Bank Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Bronson Health Foundation Inc ($11.2m), Friedreichs Ataxia Research Alliance Fara ($11.2m) and Northwest Michigan Health Services Inc ($11.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $173k (1.5% of expenses). Other salaries and wages came to $4.3m. It paid $30k in professional fundraising fees. At year end it held assets of $12.4m against liabilities of $1.8m, net assets of $10.6m. It reported 106 employees.