Walter L Shepeard Community Blood Center Inc

Analysis

Walter L Shepeard Community Blood Center Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in August 1978, 48 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, Walter L Shepeard Community Blood Center Inc reported income of $12.3m and spending of $12.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.4m to $12.3m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Walter L Shepeard Community Blood Center Inc 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 96th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Cade Creativity Labs Inc ($12.3m), Ronald McDonald House Charities of San Diego Inc ($12.3m) and Workforce Alliance Inc ($12.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $361k (3.0% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $11.8m against liabilities of $1.1m, net assets of $10.7m. It reported 148 employees.