Block 3 Community Urban Redevelopment Corporation

Analysis

Block 3 Community Urban Redevelopment Corporation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Block 3 Community Urban Redevelopment Corporation reported income of $8.7m and spending of $7.1m, spending 82% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $7.8m to $8.7m (+12%), an average of +2.9% a year. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Block 3 Community Urban Redevelopment Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Brooklyn Community Foundation ($8.7m), Commonwealth Charitable Management Inc ($8.7m) and Bokf Foundation ($8.7m).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 89% of the total. At year end it held assets of $41.3m against liabilities of $50.5m, net assets of -$9.2m.