Coffee Memorial Blood Center Foundation

Analysis

Coffee Memorial Blood Center Foundation is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in August 1951, 75 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, Coffee Memorial Blood Center Foundation reported income of $624k and spending of $402k, leaving 36% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $445k to $624k (+40%), an average of +8.9% a year. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Coffee Memorial Blood Center Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Collage Center ($624k), Childrens Medical Fund of New York ($625k) and Helping Oppressed & Marginalized Communities to Elevate Inc ($624k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 15% and program service revenue 58% of the total. At year end it held assets of $7.5m against liabilities of $1.7m, net assets of $5.8m.