Carter Bloodcare

Analysis

Carter Bloodcare is a registered charity in United States, based in Bedford, TX. It received its IRS tax-exemption ruling in December 1964, 62 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, Carter Bloodcare reported income of $147.3m and spending of $144.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $118.9m to $147.3m (+24%), an average of +5.5% a year. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carter Bloodcare 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 Baptist Memorial Hospital Union County Inc ($147.2m), LA Clinica de LA Raza Inc ($147.3m) and Valley Physician Servcies Inc ($147.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $4.9m (3.4% of expenses). Other salaries and wages came to $56.0m. At year end it held assets of $110.4m against liabilities of $26.0m, net assets of $84.4m. It reported 1,186 employees.