Coastal Bend Blood Center

Analysis

Coastal Bend Blood Center is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in March 1970, 56 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 September 2023, Coastal Bend Blood Center reported income of $12.3m and spending of $11.2m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.2m to $12.3m (+21%), an average of +4.8% a year. The sharpest change came in the year to September 2020, when income rose by 23%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Coastal Bend Blood Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Holy Name Health Care Foundation Inc ($12.3m), Atlanta Neuroscience Institute Inc ($12.4m) and North Central Missouri Mental Healt H Center ($12.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.5% and program service revenue 92% of the total. Other salaries and wages came to $5.8m. At year end it held assets of $25.0m against liabilities of $1.1m, net assets of $23.9m. It reported 103 employees.