New York Blood Center Inc
New York Blood Center Inc. shows strong asset base and revenue growth, but recent expenses exceeded revenue.
EIN: 131949477 · New York, NY · NTEE: E610 · Updated: 2026-03-28
Is New York Blood Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Blood Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Blood Center Inc
New York Blood Center Inc (EIN: 131949477) is a nonprofit organization based in New York, NY, classified under NTEE code E610. The organization reported total revenue of $653.2M and total assets of $884.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Blood Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New York Blood Center Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New York Blood Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for Officer Compensation, which is unusual for an organization of this size and suggests that executive compensation may be reported under other expense categories or that the specific 'Officer Comp' line item on the summary page is not being utilized for this data point. Further investigation into the full 990 forms would be necessary to understand the true executive compensation structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New York Blood Center Inc's IRS 990 filings:
- Expenses exceeding revenue in recent filing (202312: $599M expenses vs $564M revenue)
- Consistent 0% reported for 'Officer Comp' on summary, which is unusual for an organization of this scale and requires deeper investigation into full 990s for transparency on executive pay.
Strengths
The following positive indicators were identified for New York Blood Center Inc:
- Strong and growing asset base ($884,660,660 latest assets)
- Significant revenue growth over recent years, indicating expanding operations and impact.
- Consistent filing of IRS 990s, demonstrating regulatory compliance and transparency.
- Healthy asset-to-liability ratio, indicating strong financial solvency.
Frequently Asked Questions about New York Blood Center Inc
Is New York Blood Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Blood Center Inc (EIN: 131949477) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does New York Blood Center Inc spend its money?
New York Blood Center Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New York Blood Center Inc tax-deductible?
New York Blood Center Inc is registered as a tax-exempt nonprofit (EIN: 131949477). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is New York Blood Center Inc. financially stable?
Yes, the organization appears financially stable with a strong asset base ($784,292,844 in 202312) significantly exceeding its liabilities ($226,434,295 in 202312). While there was a deficit in the 202312 period where expenses exceeded revenue, its overall financial health remains robust.
How has the organization's revenue changed over time?
The New York Blood Center Inc. has experienced substantial revenue growth, increasing from $392,002,693 in 202112 to $564,818,942 in 202312, and its latest reported revenue is $653,233,827.
What is the trend in expenses versus revenue?
While revenue has generally increased, expenses have sometimes outpaced revenue, as seen in the 202312 period where expenses were $599,527,174 against revenue of $564,818,942. This indicates periods of operating at a deficit, which warrants monitoring.
Filing History
IRS 990 filing history for New York Blood Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), New York Blood Center Inc's revenue has grown by 68.2%, moving from $335.8M to $564.8M. Total assets increased by 70.7% over the same period, from $459.5M to $784.3M. Total functional expenses rose by 78.7%, from $335.5M to $599.5M. In its most recent filing year (2023), New York Blood Center Inc reported a deficit of $34.7M, with expenses exceeding revenue. The organization holds $226.4M in liabilities against $784.3M in assets (debt-to-asset ratio: 28.9%), resulting in net assets of $557.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $564.8M | $599.5M | $784.3M | $226.4M | — | View 990 |
| 2022 | $550.4M | $548.1M | $766.7M | $215.1M | — | View 990 |
| 2021 | $392.0M | $387.7M | $819.0M | $221.1M | — | View 990 |
| 2021 | $554.7M | $507.1M | $653.9M | $98.8M | — | View 990 |
| 2020 | $483.5M | $482.8M | $515.8M | $91.5M | — | View 990 |
| 2019 | $391.2M | $387.9M | $553.4M | $78.7M | — | View 990 |
| 2018 | $352.6M | $362.7M | $555.2M | $70.9M | — | View 990 |
| 2017 | $346.9M | $371.1M | $515.8M | $79.9M | — | View 990 |
| 2016 | $334.9M | $336.0M | $469.4M | $67.7M | — | View 990 |
| 2015 | $320.3M | $321.2M | $480.6M | $63.3M | — | View 990 |
| 2014 | $320.3M | $320.6M | $471.3M | $71.1M | — | View 990 |
| 2013 | $329.3M | $327.7M | $459.2M | $71.8M | — | View 990 |
| 2012 | $335.8M | $335.5M | $459.5M | $79.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $564.8M, expenses of $599.5M, and assets of $784.3M (revenue +2.6% year-over-year).
- 2022: Revenue of $550.4M, expenses of $548.1M, and assets of $766.7M (revenue +40.4% year-over-year).
- 2021: Revenue of $392.0M, expenses of $387.7M, and assets of $819.0M (revenue -29.3% year-over-year).
- 2021: Revenue of $554.7M, expenses of $507.1M, and assets of $653.9M (revenue +14.7% year-over-year).
- 2020: Revenue of $483.5M, expenses of $482.8M, and assets of $515.8M (revenue +23.6% year-over-year).
- 2019: Revenue of $391.2M, expenses of $387.9M, and assets of $553.4M (revenue +10.9% year-over-year).
- 2018: Revenue of $352.6M, expenses of $362.7M, and assets of $555.2M (revenue +1.6% year-over-year).
- 2017: Revenue of $346.9M, expenses of $371.1M, and assets of $515.8M (revenue +3.6% year-over-year).
- 2016: Revenue of $334.9M, expenses of $336.0M, and assets of $469.4M (revenue +4.6% year-over-year).
- 2015: Revenue of $320.3M, expenses of $321.2M, and assets of $480.6M (revenue +-0.0% year-over-year).
- 2014: Revenue of $320.3M, expenses of $320.6M, and assets of $471.3M (revenue -2.7% year-over-year).
- 2013: Revenue of $329.3M, expenses of $327.7M, and assets of $459.2M (revenue -1.9% year-over-year).
- 2012: Revenue of $335.8M, expenses of $335.5M, and assets of $459.5M.
Data Sources and Methodology
This transparency report for New York Blood Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.