Ira Block Foundation Inc
EIN: 223770758 · West Mystic, CT · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $148K |
| Total Expenses | $239K |
| Net Assets | $182K |
Is Ira Block Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ira Block Foundation Inc
Ira Block Foundation Inc (EIN: 223770758) is a nonprofit organization based in West Mystic, CT, classified under NTEE code T22. The organization reported total revenue of $148K and total assets of $174K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ira Block Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ira Block Foundation Inc is a small nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $116K |
| Total Expenses | $239K |
| Surplus / Deficit | $-122,968 |
| Total Assets | $182K |
| Total Liabilities | $1 |
| Net Assets | $182K |
| Operating Margin | -105.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 9.1 months |
Financial Health Grade: B
In 2023, Ira Block Foundation Inc reported a deficit of $123K with expenses exceeding revenue, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Ira Block Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.5% | -34.7% | -40.3% |
| 2022 | -80.3% | -10.7% | -48.6% |
| 2021 | +90.5% | +51.1% | -20.1% |
| 2020 | -68.9% | +7.1% | -6.4% |
| 2019 | +698.8% | +285.3% | +149.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ira Block Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ira Block Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $123K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Ira Block Foundation Inc
Is Ira Block Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ira Block Foundation Inc (EIN: 223770758) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ira Block Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Ira Block Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Ira Block Foundation Inc tax-deductible?
Ira Block Foundation Inc is registered as a tax-exempt nonprofit (EIN: 223770758). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ira Block Foundation Inc located?
Ira Block Foundation Inc is headquartered in West Mystic, Connecticut and files with the IRS under EIN 223770758. It is classified under NTEE code T22.
How many years of IRS 990 filings does Ira Block Foundation Inc have?
Ira Block Foundation Inc has 10 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 $148K in total revenue.
Filing History
IRS 990 filing history for Ira Block Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ira Block Foundation Inc's revenue has declined by 22.1%, moving from $149K to $116K. Total assets decreased by 39.8% over the same period, from $302K to $182K. Total functional expenses rose by 129.8%, from $104K to $239K. In its most recent filing year (2023), Ira Block Foundation Inc reported a deficit of $123K, with expenses exceeding revenue. The organization holds $1 in liabilities against $182K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $182K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $116K | $239K | $182K | $1 | — | — |
| 2022 | $83K | $366K | $305K | $1 | — | View 990 |
| 2021 | $419K | $410K | $593K | $1 | — | — |
| 2020 | $220K | $271K | $742K | $1 | — | View 990 |
| 2019 | $707K | $253K | $793K | $1 | — | View 990 |
| 2015 | $88K | $66K | $318K | $1 | — | View 990 |
| 2014 | $95K | $69K | $296K | $1 | — | View 990 |
| 2013 | $72K | $77K | $269K | $1 | — | View 990 |
| 2012 | $76K | $104K | $274K | $1 | — | View 990 |
| 2011 | $149K | $104K | $302K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $116K, expenses of $239K, and assets of $182K (revenue +40.5% year-over-year).
- 2022: Revenue of $83K, expenses of $366K, and assets of $305K (revenue -80.3% year-over-year).
- 2021: Revenue of $419K, expenses of $410K, and assets of $593K (revenue +90.5% year-over-year).
- 2020: Revenue of $220K, expenses of $271K, and assets of $742K (revenue -68.9% year-over-year).
- 2019: Revenue of $707K, expenses of $253K, and assets of $793K (revenue +698.8% year-over-year).
- 2015: Revenue of $88K, expenses of $66K, and assets of $318K (revenue -6.9% year-over-year).
- 2014: Revenue of $95K, expenses of $69K, and assets of $296K (revenue +31.6% year-over-year).
- 2013: Revenue of $72K, expenses of $77K, and assets of $269K (revenue -4.9% year-over-year).
- 2012: Revenue of $76K, expenses of $104K, and assets of $274K (revenue -49.1% year-over-year).
- 2011: Revenue of $149K, expenses of $104K, and assets of $302K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ira Block Foundation Inc:
Data Sources and Methodology
This transparency report for Ira Block Foundation 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.