The Blood Center

Analysis

The Blood Center is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 1973, 53 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, The Blood Center reported income of $26.3m and spending of $24.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $29.9m to $26.3m (-12%), an average of -3.2% a year. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Blood Center sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within LA. Charities of a similar size with the same main cause include Centro Ararat Inc ($26.3m), Greater Watertown Community Health Foundation Inc ($26.3m) and Addgene Inc ($26.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $661k (2.7% of expenses). At year end it held assets of $44.6m against liabilities of $2.8m, net assets of $41.8m. It reported 253 employees.