Building Blocks Academy

Analysis

Building Blocks Academy is a registered charity in United States, based in Woodbine, IA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. 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, Building Blocks Academy reported income of $280k and spending of $350k, spending 125% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.1m to $280k (-75%), an average of -50% a year. The sharpest change came in the year to June 2022, when income dropped by 65%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Building Blocks Academy sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within IA. Charities of a similar size with the same main cause include Encore Entertainment Inc ($280k), Macon Housing Development Corporation ($280k) and San Luis Obispo County Bicycle Coalition ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.4% and program service revenue 91% of the total. Other salaries and wages came to $203k. At year end it held assets of $963k against liabilities of $178k, net assets of $785k. It reported 21 employees.