Gulf Coast Regional Blood Center

Analysis

Gulf Coast Regional Blood Center is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 1975, 51 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 2022, Gulf Coast Regional Blood Center reported income of $121.8m and spending of $107.5m, spending 88% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $93.3m to $121.8m (+31%), an average of +9.3% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gulf Coast Regional Blood Center 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 TX. Charities of a similar size with the same main cause include Upstream USA Inc ($121.7m), Roper St Francis Mount Pleasant Hospital ($121.9m) and St Josephs Hospital of Buckhannon Inc ($121.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $2.7m (2.5% of expenses). Other salaries and wages came to $42.5m. At year end it held assets of $151.9m against liabilities of $18.6m, net assets of $133.3m. It reported 929 employees.