Versiti Blood Health Inc

Analysis

Versiti Blood Health Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 1994, 32 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Versiti Blood Health Inc reported income of $235.2m and spending of $231.0m, spending 98% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $162.9m to $235.2m (+44%), an average of +7.6% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Versiti Blood Health Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WI. Charities of a similar size with the same main cause include Jefferson Hospital Assn Inc ($234.6m), Atlanticare Physician Group Pa ($235.3m) and Childrens Hospital ($234.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $4.1m (1.8% of expenses). Other salaries and wages came to $75.0m. At year end it held assets of $188.8m against liabilities of $68.2m, net assets of $120.6m. It reported 1,283 employees.