Bloc Life Inc

Analysis

Bloc Life Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bloc Life Inc reported income of $96k and spending of $94k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $96k (+78%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bloc Life Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within MO. Charities of a similar size with the same main cause include Hope Childrens Fund Ltd ($96k), Caribbean American National Development Organization Inc ($96k) and Santa David Childrens Fund Inc ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. At year end it held assets of $60k against liabilities of $116, net assets of $59k.