Blood Bank of Alaska Inc

Analysis

Blood Bank of Alaska Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in November 1963, 63 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, Blood Bank of Alaska Inc reported income of $12.2m and spending of $12.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.7m to $12.2m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Blood Bank of Alaska Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within AK. Charities of a similar size with the same main cause include Medic Mobile Inc ($12.2m), Logan Health - Shelby ($12.2m) and Providence Speech & Hearing Center ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $538k (4.3% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $42.1m against liabilities of $5.8m, net assets of $36.3m. It reported 118 employees.