Rocky Mountain Tissue Bank

Analysis

Rocky Mountain Tissue Bank is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in July 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rocky Mountain Tissue Bank reported income of $1.1m and spending of $1.2m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.1m (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rocky Mountain Tissue Bank sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Newark Center for Creative Learning Inc ($1.1m), I-Adarp Inc ($1.1m) and Coalition for a Better Chinese American Community ($1.1m).

Compensation of current officers, directors and key employees was $184k (16% of expenses). Other salaries and wages came to $172k. At year end it held assets of $623k against liabilities of $369k, net assets of $254k. It reported 10 employees.