Martin Luther King Jr Family Services Inc

Analysis

Martin Luther King Jr Family Services Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in September 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Martin Luther King Jr Family Services Inc reported income of $2.0m and spending of $1.5m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.0m (+53%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Martin Luther King Jr Family Services Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Orchid House Inc ($2.0m), Minders Inc ($2.0m) and Epiphany Community Health Outreach Services ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $37k (2.4% of expenses). Other salaries and wages came to $671k. At year end it held assets of $2.3m against liabilities of $451k, net assets of $1.8m. It reported 44 employees.