Bloodworks
85% goes to programs $29 to raise $100 Strong reserves
Bloodworks is a 501(c)(3) organization based in Seattle, Washington, registered in 1980, with $159,823,247 in FY2023 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
921 Terry Ave, Seattle, WA, 98104 EIN 91-1019655 Since 1980
Revenue (FY2023)
$159.8M
▲ 3.6% vs prior year
Health median: $840K
Expenses (FY2023)
$160.0M
Net assets
$83.5M
Employees
1,005
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs · $29 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Bloodworks: 85% to programs · $29 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating6 mo reserves · -0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bloodworks: 6 mo reserves · -0% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Bloodworks: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bloodworks: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Saving lives through research, innovation, education & excellence in blood, medical & lab services.
What they do
We are a research institute with over 75 years of research and discoveries. bloodworks scientists have transformed patient care with breakthroughs in transfusion medicine, blood biology, blood storage, cancer therapies, organ transplantation. bloodworks' scientists can be found in medical schools and at scientific forums sharing the latest blood science with doctors from around the region - and around the world.
Contact & location
- Address
- 921 Terry Ave, Seattle, WA, 98104
- City
- Seattle
- State
- Washington
- Category
- Health Care
- Subcategory
- Health Support Services
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $162.9M (FY2013) to $159.8M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $28.7MNet assets $83.5M
Operating margin
-0.1%
Spent more than it raised in the latest fiscal year.
Total assets
$112.3M
Total liabilities
$28.7M
Net assets
$83.5M
Salaries & benefits
$91.6M
57% of expenses
Board members
11
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $159,823,247▲3.6% | $160,043,520▲6.4% | $83,532,529▲3.1% | $112,280,040▼0.4% | 990 |
| 2022 | $154,247,401▲14.8% | $150,376,492▲10.3% | $80,994,542▲8.1% | $112,716,614▲12.2% | 990 |
| 2021 | $134,313,338▼27.7% | $136,370,220▼21.4% | $74,910,090▼6.7% | $100,462,161▼5.0% | 990 |
| 2020 | $185,761,026▼6.4% | $173,456,707▼18.9% | $80,271,150▲15.0% | $105,722,670▼14.8% | 990 |
| 2019 | $198,443,552▼5.4% | $213,969,320▲0.4% | $69,827,591▼22.7% | $124,042,323▼10.8% | 990 |
| 2018 | $209,722,936▲6.0% | $213,177,157▲4.6% | $90,328,241▼3.1% | $139,133,799▼5.5% | 990 |
| 2017 | $197,932,308▲3.3% | $203,735,067▲12.4% | $93,178,052▼5.7% | $147,232,810 | 990 |
| 2016 | $191,664,483▲6.0% | $181,195,101▲0.2% | $98,859,074▲15.5% | $147,198,662▲5.1% | 990 |
| 2015 | $180,862,852▲11.0% | $180,800,638▲11.9% | $85,592,348▲8.6% | $140,073,386▲5.9% | 990 |
| 2013 | $162,925,008 | $161,521,740▲4.2% | $78,809,545▲5.4% | $132,304,821▲2.5% | 990 |
| 2012 | — | $155,044,810▼2.7% | $74,742,785▼3.1% | $129,109,846▲4.7% | 990 |
| 2011 | — | $159,402,307▲3.5% | $77,107,940▼2.0% | $123,331,145▼1.7% | 990 |
| 2010 | — | $154,032,726▲3.5% | $78,721,535▲14.4% | $125,522,597▲10.5% | 990 |
| 2009 | — | $148,835,341 | $68,802,238 | $113,619,467 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Curt Bailey — $968,288 (0.61% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Curt Bailey | President & Ceo | 40 | $968,288 |
| Vicki Finson | Executive Vice President (thru 7/23) | 40 | $460,283 |
| David Lin Md | Vice President | 40 | $424,462 |
| Jose Lopez Md | Chief Scientific Officer | 40 | $408,542 |
| Theresa Nester Md | Co-chief Medical Officer Med Svcs | 40 | $394,120 |
| Kirsten Alcorn Md | Co-chief Medical Officer Med Svcs | 40 | $391,803 |
| Robert Gleason | Treasurer & Cfo (thru 6/24) | 40 | $353,586 |
| Sue Nixon | Executive Vice President | 40 | $311,183 |
| Aaron Posey | Executive Vice President | 40 | $294,829 |
| Joseph Vetto | Chief Information Officer | 40 | $294,444 |
| Idoia Gimferrer | Ashi Medical Director | 40 | $285,256 |
| Jing-fei Dong Md | Member, Research | 40 | $279,410 |
| Christine Donatelli | Chief Quality & Compliance Officer | 40 | $272,252 |
| Mark Destree | Executive Vice President | 40 | $270,050 |
| Maxine Sellers | Secretary | 40 | $95,880 |
| Molly Firth | Board Chair (thru 1/24) | 1 | $8,000 |
| Trevor Gooby | Board Vice Chair/ Board Chair | 1 | $8,000 |
| Christine Henningsgaard | Board Trustee | 1 | $6,000 |
| Gene Farrell Mba | Board Trustee | 1 | $4,000 |
| Orlando Williams | Board Trustee | 1 | $2,000 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Media Plus | Marketing Consultant | $558,937 |
| Ds Connect LLC | Marketing Consultant | $464,144 |
| Degree 37 LLC | Consultants | $441,232 |
| Blood Bank Computer Systems | Software Maintenance | $379,334 |
| Northwest Loss Prevention Inc | Security Services | $372,097 |
Grants received · $10.0M total
149 grants to Bloodworks totaling $10.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $108,077 |
| Mayo Clinic | Support charitable purpose | 2024 | $31,510 |
| The Seattle Foundation | To provide general support | 2024 | $3,000 |
| The Seattle Foundation | To provide general support | 2024 | $1,000 |
| The Seattle Foundation | To provide general support | 2024 | $1,000 |
| The Seattle Foundation | To provide general support | 2024 | $1,000 |
| The Seattle Foundation | To provide general support | 2024 | $1,000 |
| The Seattle Foundation | To provide general support | 2024 | $500 |
| Scripps Research Institute | Grants for scientific research | 2023 | $754,000 |
| Trustees of Columbia University | Research | 2023 | $170,653 |
| Donor Advised Charitable Giving | Health | 2023 | $93,800 |
| American Online Giving Foundation Inc | General support | 2023 | $45,491 |
| The Seattle Foundation | Medical funds 2023 | 2023 | $40,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $10,115 |
| The Seattle Foundation | To provide general support. | 2023 | $5,000 |
Grants made · $165K in FY2023
4 grants totaling $165K in FY2023. All grants made by Bloodworks →
| Recipient | Purpose | Amount |
|---|---|---|
| University of Washington | Molecular and translational studies in hematologic disorders | $58,181 |
| Swedish Health Services | Cold-stored platelets to treat bleeding in cardiac surgery patients | $57,538 |
| Baylor College of Medicine | Willibrand factor in traumatic brain injury | $31,004 |
| Washington Institute For Coagulation | Von willibrand facotr in pregnancy (vip) study | $17,948 |
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Compare Bloodworks
Frequently asked questions
- Is Bloodworks a legitimate nonprofit?
- Yes. Bloodworks is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 91-1019655, based in Seattle, Washington. Donations are tax-deductible.
- What is Bloodworks's EIN?
- Bloodworks's Employer Identification Number (EIN) is 91-1019655.
- How much revenue does Bloodworks report?
- Bloodworks reported $159,823,247 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Bloodworks's spending goes to programs?
- Bloodworks spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Bloodworks have?
- CharityIndex grades Bloodworks A, based on program efficiency and fundraising cost.
- How much does Bloodworks's highest-paid employee make?
- The highest reported compensation on Bloodworks's latest Form 990 is $968,288, paid to Curt Bailey (President & Ceo).
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Data for Bloodworks (EIN 91-1019655) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.