Blood Bank of Hawaii

Analysis

Blood Bank of Hawaii is a registered charity in United States, based in Kapolei, HI. It received its IRS tax-exemption ruling in March 1949, 77 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 September 2023, Blood Bank of Hawaii reported income of $22.4m and spending of $18.6m, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $17.7m to $22.4m (+26%), an average of +6.0% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blood Bank of Hawaii sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within HI. Charities of a similar size with the same main cause include Puerto Rico Legal Services Incorporated ($22.4m), KVC Behavioral Healthcare Missouri Inc ($22.4m) and Tulsa Psychiatric Center Inc ($22.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $384k (2.1% of expenses). Other salaries and wages came to $5.1m. It paid $110k in professional fundraising fees. At year end it held assets of $29.7m against liabilities of $2.4m, net assets of $27.3m. It reported 190 employees.