Innovative Transfusion Medicine Non Profit Inc

Analysis

Innovative Transfusion Medicine Non Profit Inc is a registered charity in United States, based in Coral Springs, FL. It received its IRS tax-exemption ruling in February 2019, 7 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, Innovative Transfusion Medicine Non Profit Inc reported income of $7.8m and spending of $11.6m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $7.8m (+475%), an average of +55% a year. The sharpest change came in the year to December 2020, when income rose by 919%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Innovative Transfusion Medicine Non Profit Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Drug Recovery Inc ($7.8m), Magdala Foundation Magdala House ($7.8m) and Willapa Counseling Center ($7.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 141% of the total. Compensation of current officers, directors and key employees was $174k (1.5% of expenses). Other salaries and wages came to $942k. At year end it held assets of $530k against liabilities of $0, net assets of $530k. It reported 54 employees.