Block Institute Inc
Block Institute Inc. maintains consistent revenue but shows fluctuating asset-to-liability ratios and reports no officer compensation.
EIN: 112416320 · Brooklyn, NY · NTEE: P820 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $24.3M |
| Total Expenses | $22.4M |
| Program Spending | 80% |
| Net Assets | $10.7M |
| Transparency Score | 70/100 |
Is Block Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Block Institute Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Block Institute Inc
Block Institute Inc (EIN: 112416320) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P820. The organization reported total revenue of $24.3M and total assets of $14.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Block Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Block Institute Inc is a large nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24.3M |
| Total Expenses | $22.4M |
| Surplus / Deficit | +$1.9M |
| Total Assets | $22.2M |
| Total Liabilities | $11.5M |
| Net Assets | $10.7M |
| Operating Margin | 8.0% |
| Debt-to-Asset Ratio | 51.9% |
| Months of Reserves | 11.9 months |
Financial Health Grade: A
In 2023, Block Institute Inc reported a surplus of $1.9M with revenue exceeding expenses, holds 11.9 months of operating reserves (strong position), has a debt-to-asset ratio of 51.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Block Institute Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.8% | -9.9% | -10.8% |
| 2022 | +36.8% | +20.2% | +77.8% |
| 2021 | -5.0% | -20.8% | +36.4% |
| 2020 | -5.1% | -10.8% | +126.5% |
| 2019 | -4.1% | +0.3% | -25.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Block Institute Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Block Institute Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 51.9%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization with annual revenues in the tens of millions, suggesting either a volunteer leadership or that compensation is categorized differently, which reduces transparency regarding executive pay relative to the organization's size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Block Institute Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation, which is unusual for an organization of this size and reduces transparency.
- Liabilities exceeding assets in multiple past fiscal periods (e.g., 2020 and 2021), indicating potential financial strain or reliance on specific funding structures.
- Significant fluctuations in assets and liabilities year-over-year without clear explanation in the provided data.
Strengths
The following positive indicators were identified for Block Institute Inc:
- Consistent annual revenue exceeding $20 million, demonstrating a stable funding base.
- Positive net income in recent years, such as 2023 ($24,287,974 revenue vs. $22,355,110 expenses), contributing to asset growth.
- Regular filing of IRS Form 990s, indicating compliance with regulatory reporting requirements.
- Substantial asset growth in recent periods, from $14,006,870 in 2021 to $22,200,080 in 2023.
Frequently Asked Questions about Block Institute Inc
Is Block Institute Inc a legitimate charity?
Block Institute Inc (EIN: 112416320) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $24.3M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Block Institute Inc spend its money?
Block Institute Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Block Institute Inc tax-deductible?
Block Institute Inc is registered as a tax-exempt nonprofit (EIN: 112416320). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Block Institute Inc's spending goes to programs?
Block Institute Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Block Institute Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Block Institute Inc is above average for NTEE category P820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Block Institute Inc located?
Block Institute Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112416320. It is classified under NTEE code P820.
How many years of IRS 990 filings does Block Institute Inc have?
Block Institute Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $24.3M in total revenue.
Why is officer compensation consistently reported as 0% across all filings?
The IRS 990 filings for Block Institute Inc. consistently show 0% officer compensation. This is unusual for an organization with annual revenues exceeding $20 million and may indicate that executive compensation is reported under other expense categories, or that the leadership is entirely volunteer-based. Further investigation into their detailed financial statements would be needed to clarify this.
What caused the significant increase in assets from $14,006,870 in 2021 to $24,898,381 in 2022?
Block Institute Inc. experienced a substantial increase in assets between the 2021 and 2022 fiscal periods, from $14,006,870 to $24,898,381. This could be due to significant grants, capital investments, or changes in investment values. Concurrently, liabilities also increased from $14,557,045 to $16,162,447, suggesting potential financing activities or growth in operations.
How does Block Institute Inc. manage its liabilities, which have sometimes exceeded assets?
In several periods, such as 2021 ($14,557,045 liabilities vs. $14,006,870 assets) and 2020 ($17,350,216 liabilities vs. $10,269,692 assets), Block Institute Inc.'s liabilities surpassed its assets. This indicates a potentially high reliance on debt or restricted funds. Understanding the nature of these liabilities (e.g., long-term debt, program-specific restricted funds) is crucial for assessing long-term financial stability.
Filing History
IRS 990 filing history for Block Institute Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Block Institute Inc's revenue has grown by 8.4%, moving from $22.4M to $24.3M. Total assets increased by 232.6% over the same period, from $6.7M to $22.2M. Total functional expenses rose by 0.6%, from $22.2M to $22.4M. In its most recent filing year (2023), Block Institute Inc reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $11.5M in liabilities against $22.2M in assets (debt-to-asset ratio: 51.9%), resulting in net assets of $10.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24.3M | $22.4M | $22.2M | $11.5M | — | View 990 |
| 2022 | $34.1M | $24.8M | $24.9M | $16.2M | — | View 990 |
| 2021 | $24.9M | $20.6M | $14.0M | $14.6M | — | View 990 |
| 2020 | $26.2M | $26.1M | $10.3M | $17.4M | — | View 990 |
| 2019 | $27.6M | $29.2M | $4.5M | $11.8M | — | View 990 |
| 2018 | $28.8M | $29.1M | $6.1M | $11.8M | — | View 990 |
| 2017 | $0 | $0 | $1 | $0 | — | — |
| 2016 | $26.6M | $27.5M | $7.2M | $10.8M | — | View 990 |
| 2015 | $27.5M | $26.8M | $10.5M | $13.2M | — | View 990 |
| 2014 | $20.4M | $21.5M | $5.1M | $8.4M | — | View 990 |
| 2013 | $20.8M | $21.2M | $6.2M | $8.4M | — | View 990 |
| 2012 | $21.7M | $21.8M | $5.7M | $7.5M | — | View 990 |
| 2011 | $22.4M | $22.2M | $6.7M | $8.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24.3M, expenses of $22.4M, and assets of $22.2M (revenue -28.8% year-over-year).
- 2022: Revenue of $34.1M, expenses of $24.8M, and assets of $24.9M (revenue +36.8% year-over-year).
- 2021: Revenue of $24.9M, expenses of $20.6M, and assets of $14.0M (revenue -5.0% year-over-year).
- 2020: Revenue of $26.2M, expenses of $26.1M, and assets of $10.3M (revenue -5.1% year-over-year).
- 2019: Revenue of $27.6M, expenses of $29.2M, and assets of $4.5M (revenue -4.1% year-over-year).
- 2018: Revenue of $28.8M, expenses of $29.1M, and assets of $6.1M.
- 2017: Revenue of $0, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2016: Revenue of $26.6M, expenses of $27.5M, and assets of $7.2M (revenue -3.3% year-over-year).
- 2015: Revenue of $27.5M, expenses of $26.8M, and assets of $10.5M (revenue +35.1% year-over-year).
- 2014: Revenue of $20.4M, expenses of $21.5M, and assets of $5.1M (revenue -2.0% year-over-year).
- 2013: Revenue of $20.8M, expenses of $21.2M, and assets of $6.2M (revenue -4.2% year-over-year).
- 2012: Revenue of $21.7M, expenses of $21.8M, and assets of $5.7M (revenue -3.3% year-over-year).
- 2011: Revenue of $22.4M, expenses of $22.2M, and assets of $6.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Block Institute Inc:
Data Sources and Methodology
This transparency report for Block Institute Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.