Houchin Community Blood Bank

Analysis

Houchin Community Blood Bank is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in November 1954, 72 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Houchin Community Blood Bank reported income of $18.0m and spending of $18.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.3m to $18.0m (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 49%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Houchin Community Blood Bank sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Maternity Care Coalition ($18.0m), Finger Lakes Performing Provider System Inc ($18.0m) and Home Care United ($18.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $338k (1.8% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $11.1m against liabilities of $2.5m, net assets of $8.6m. It reported 126 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.