Block Gives Back Corp

Analysis

Block Gives Back Corp is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, 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, Block Gives Back Corp reported income of $164k and spending of $151k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $164k (+106%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 119% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Block Gives Back Corp sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include Walk the Narrow Road ($164k), Oak Cliff Veggie Project Inc ($164k) and Caspar Community ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.