American Association of Blood Banks

Analysis

American Association of Blood Banks is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in June 1949, 77 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 2022, American Association of Blood Banks reported income of $19.6m and spending of $21.0m, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $17.7m to $19.6m (+11%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, American Association of Blood Banks sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include The Heart Group of Lancaster General Health ($19.5m), Center for Family Health and Education Inc ($19.6m) and Bethel Methodist Home ($19.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.8% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $1.5m (7.3% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $30.9m against liabilities of $26.7m, net assets of $4.1m. It reported 72 employees.