San Diego Blood Bank

Analysis

San Diego Blood Bank is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 1956, 70 years ago. 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, San Diego Blood Bank reported income of $52.9m and spending of $55.0m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.9m to $52.9m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Diego Blood Bank sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Gulf Coast Jewish Family and Community Services Inc ($52.9m), Community Action Committee of the Lehigh Valley Inc ($52.9m) and Ross Education Holdings Inc ($52.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.8m (3.2% of expenses). Other salaries and wages came to $17.3m. At year end it held assets of $41.1m against liabilities of $22.3m, net assets of $18.8m. It reported 469 employees.