Four Block Foundation Inc

Analysis

Four Block Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic 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, Four Block Foundation Inc reported income of $1.3m and spending of $2.8m, spending 211% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $1.3m (-57%), an average of -19% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Four Block Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Appalachian Center for Economic Networks Inc ($1.3m), Northend Christian Community Development Corporation ($1.3m) and Kansas Rural Communities Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $192k (7.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.3m against liabilities of $171k, net assets of $3.1m. It reported 60 employees.