American Association of Tissue Banks Inc

Analysis

American Association of Tissue Banks Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1981, 45 years ago. 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 2023, American Association of Tissue Banks Inc reported income of $6.3m and spending of $6.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.5m to $6.3m (+14%), an average of +3.4% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Association of Tissue Banks Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 82nd percentile within DC. Charities of a similar size with the same main cause include Hospice & Palliative Care Inc ($6.3m), Grand Forks Childrens Museum Inc ($6.3m) and Bcuw-Madeline Housing Partners ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.0m (16% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $8.0m against liabilities of $3.2m, net assets of $4.9m. It reported 15 employees.