Texoma Regional Blood Center

Analysis

Texoma Regional Blood Center is a registered charity in United States, based in Sherman, TX. It received its IRS tax-exemption ruling in January 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 September 2023, Texoma Regional Blood Center reported income of $2.9m and spending of $3.1m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.1m to $2.9m (-3.9%), an average of -1.0% a year. The sharpest change came in the year to September 2021, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texoma Regional Blood Center sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Crossings Community Clinic Inc ($2.9m), Improvecarenow Inc ($2.9m) and Benilde Hall ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $96k (3.1% of expenses). Other salaries and wages came to $763k. At year end it held assets of $3.5m against liabilities of $247k, net assets of $3.3m. It reported 39 employees.