Martin Luther King Jr Celebration Committee of Brazoria County

Analysis

Martin Luther King Jr Celebration Committee of Brazoria County is a registered charity in United States, based in Freeport, TX. It received its IRS tax-exemption ruling in November 2014, 12 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, Martin Luther King Jr Celebration Committee of Brazoria County reported income of $286k and spending of $223k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $250k to $286k (+14%), an average of +4.6% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Martin Luther King Jr Celebration Committee of Brazoria County sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Kiwanis Indiana Foundation Inc ($286k), Junior League of Charleston Inc ($286k) and Lutheran Service Society of New York ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 4.8% of the total. At year end it held assets of $380k against liabilities of $0, net assets of $380k.