The Blood Connection Incorporated

Analysis

The Blood Connection Incorporated is a registered charity in United States, based in Piedmont, SC. It received its IRS tax-exemption ruling in February 1978, 48 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 August 2024, The Blood Connection Incorporated reported income of $144.4m and spending of $138.4m, spending 96% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $60.6m to $144.4m (+138%), an average of +19% a year. The sharpest change came in the year to August 2021, when income rose by 38%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Blood Connection Incorporated sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within SC. Charities of a similar size with the same main cause include Chase Brexton Health Services Inc ($144.4m), Valley Childrens Medical Group ($144.7m) and Norton - Kings Daughters Health Inc ($144.1m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.8m (2.0% of expenses). Other salaries and wages came to $41.2m. At year end it held assets of $101.9m against liabilities of $37.2m, net assets of $64.8m. It reported 1,558 employees.