Bloodworks

Analysis

Bloodworks is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 1980, 46 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 June 2023, Bloodworks reported income of $154.2m and spending of $150.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $209.7m to $154.2m (-26%), an average of -7.4% a year. The sharpest change came in the year to June 2022, when income dropped by 28%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bloodworks 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 100th percentile, and in the 100th percentile within WA. Charities of a similar size with the same main cause include Dameron Hospital Association ($153.9m), Central City Concern Inc ($154.3m) and Tidalhealth Nanticoke Inc ($153.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $4.1m (2.7% of expenses). Other salaries and wages came to $65.6m. At year end it held assets of $112.7m against liabilities of $31.7m, net assets of $81.0m. It reported 979 employees.