Kentucky Blood Center Inc

Analysis

Kentucky Blood Center Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in February 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 June 2023, Kentucky Blood Center Inc reported income of $34.5m and spending of $33.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $33.2m to $34.5m (+3.6%), an average of +0.9% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kentucky Blood Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within KY. Charities of a similar size with the same main cause include Northern Counties Health Care Inc ($34.4m), Upmc ($34.5m) and Longview Wellness Center Inc ($34.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $930k (2.8% of expenses). Other salaries and wages came to $12.0m. At year end it held assets of $46.4m against liabilities of $2.6m, net assets of $43.9m. It reported 342 employees.