Versiti Blood Research Institute Foundation Inc

Analysis

Versiti Blood Research Institute Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in February 1981, 45 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Versiti Blood Research Institute Foundation Inc reported income of $10.9m and spending of $11.4m, spending 104% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $10.0m to $10.9m (+9.3%), an average of +1.8% a year. The sharpest change came in the year to December 2020, when income rose by 124%. Over the whole period it spent 66% 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 Research Institute Foundation Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Bostons Community Medical Group Inc ($10.9m), Phoenix Programs of Florida Inc ($11.0m) and South Carolina State Office of Rural Health Inc ($10.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. Compensation of current officers, directors and key employees was $262k (2.3% of expenses). Other salaries and wages came to $567k. It paid $441k in professional fundraising fees. At year end it held assets of $133.9m against liabilities of $1.5m, net assets of $132.4m. It reported 8 employees.