Lifeshare Blood Center

Analysis

Lifeshare Blood Center is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in September 1958, 68 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, Lifeshare Blood Center reported income of $48.0m and spending of $45.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $42.6m to $48.0m (+13%), an average of +3.0% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifeshare Blood Center sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Good Shepherd Hospice ($48.0m), Florida Community Health Centers Inc ($48.1m) and Community Alliance Inc ($47.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.2m (2.5% of expenses). At year end it held assets of $55.2m against liabilities of $4.1m, net assets of $51.1m. It reported 583 employees.