Block Institute School

Analysis

Block Institute School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Block Institute School reported income of $5.8m and spending of $6.5m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.9m to $5.8m (-27%), an average of -7.5% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Block Institute School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Montessori Academy Incorporated ($5.8m), Playing Field Inc ($5.8m) and Kids Community College Elementary Charter School Southeast Inc ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $153k (2.4% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $1.2m against liabilities of $2.5m, net assets of -$1.4m. It reported 109 employees.