Tacoma-Pierce County Blood Bank

Analysis

Tacoma-Pierce County Blood Bank is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in August 1948, 78 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, Tacoma-Pierce County Blood Bank reported income of $9.6m and spending of $9.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.9m to $9.6m (+7.3%), an average of +1.8% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tacoma-Pierce County Blood Bank sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Madonna Manor Inc ($9.6m), Ephraim McDowell Health Inc ($9.6m) and Upmc-St Clair Hospital Cancer Center ($9.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $111k (1.2% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $5.6m against liabilities of $3.6m, net assets of $2.1m. It reported 102 employees.