Ultimate Block Party Inc

Analysis

Ultimate Block Party Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Ultimate Block Party Inc reported income of $813k and spending of $921k, spending 113% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $314k to $813k (+159%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 179%. Over the whole period it spent 82% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ultimate Block Party Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 72nd percentile within DE. Charities of a similar size with the same main cause include Hollenbeck Police Activities League ($813k), Valencia Express Inc ($814k) and Friends of Big Brothers Big Sisters of S Nevada ($812k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $151k (16% of expenses). Other salaries and wages came to $104k. At year end it held assets of $1.1m against liabilities of $468k, net assets of $675k. It reported 3 employees.