Block Institute Inc

Analysis

Block Institute Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Block Institute Inc reported income of $24.3m and spending of $22.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $27.6m to $24.3m (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Block Institute Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Biome Global Foundation ($24.3m), Covenant Living of Colorado ($24.3m) and Region II Commission on Services to the Aging ($24.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $527k (2.4% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $22.2m against liabilities of $11.5m, net assets of $10.7m. It reported 295 employees.