Block Island Early Learning Center

Analysis

Block Island Early Learning Center is a registered charity in United States, based in Block Island, RI. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Block Island Early Learning Center reported income of $237k and spending of $265k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $289k to $237k (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2023, when income dropped by 37%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Block Island Early Learning Center sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 53rd percentile within RI. Charities of a similar size with the same main cause include Convivium Urban Farmstead ($237k), National Veterans Transition Services Inc ($237k) and Families Against Fentanyl Co ($237k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $53k (20% of expenses). Other salaries and wages came to $82k. At year end it held assets of $562k against liabilities of $53k, net assets of $509k.