Suncoast Communities Blood Bank Inc

Analysis

Suncoast Communities Blood Bank Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in January 1969, 57 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 September 2023, Suncoast Communities Blood Bank Inc reported income of $17.3m and spending of $16.8m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $15.5m to $17.3m (+11%), an average of +2.8% a year. The sharpest change came in the year to September 2021, when income rose by 48%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Suncoast Communities Blood Bank Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Victory Human Sevices Inc ($17.3m), Mary Crowley Medical Research Center ($17.3m) and Craig Hospital Foundation ($17.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 11% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $716k (4.3% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $20.7m against liabilities of $5.4m, net assets of $15.3m. It reported 182 employees.