Lifesouth Community Blood Centers Inc

Analysis

Lifesouth Community Blood Centers Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in February 1975, 51 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 May 2024, Lifesouth Community Blood Centers Inc reported income of $139.9m and spending of $133.5m, spending 95% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $94.1m to $139.9m (+49%), an average of +10% a year. The sharpest change came in the year to May 2021, when income rose by 40%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifesouth Community Blood Centers 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 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Mary Rutan Hospital ($139.6m), Concord Hospital - Laconia ($139.9m) and Solutionhealth ($139.5m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 1.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.8m (1.4% of expenses). Other salaries and wages came to $46.0m. At year end it held assets of $107.3m against liabilities of $27.8m, net assets of $79.5m. It reported 1,598 employees.