Dak-Minn Blood Bank

Analysis

Dak-Minn Blood Bank is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in February 1987, 39 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dak-Minn Blood Bank reported income of $143k and spending of $108k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $143k (+46%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dak-Minn Blood Bank sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 38th percentile within ND. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($143k), 100 Black Men of Greater Charlotte Inc ($143k) and PTA California Congress of Parents Teachers & Students Inc ($143k).

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. At year end it held assets of $363k against liabilities of $11k, net assets of $352k.