Blood Assurance Inc

Analysis

Blood Assurance Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in April 1971, 55 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 December 2023, Blood Assurance Inc reported income of $44.6m and spending of $40.0m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.8m to $44.6m (+73%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 27%. 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, Blood Assurance Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Akron Childrens Hospital Foundation ($44.5m), Central Nassau Guidance & Counseling Services Inc ($44.6m) and Millcreek Manor ($44.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.1m (2.9% of expenses). Other salaries and wages came to $12.5m. At year end it held assets of $39.7m against liabilities of $6.3m, net assets of $33.4m. It reported 415 employees.