Oklahoma Blood Institute

Analysis

Oklahoma Blood Institute is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in November 1977, 49 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 March 2023, Oklahoma Blood Institute reported income of $138.1m and spending of $133.3m, spending 97% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $108.7m to $138.1m (+27%), an average of +6.2% a year. The sharpest change came in the year to March 2021, when income rose by 23%. 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, Oklahoma Blood Institute 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 100th percentile within OK. Charities of a similar size with the same main cause include Columbus Regional Healthcare System ($138.1m), Mary Washington Healthcare ($138.2m) and Medhealth ($137.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $4.9m (3.7% of expenses). Other salaries and wages came to $55.6m. At year end it held assets of $107.9m against liabilities of $25.5m, net assets of $82.4m. It reported 1,356 employees.