Dr Martin Luther King Jr Scholarship Trust Fund

Analysis

Dr Martin Luther King Jr Scholarship Trust Fund is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in August 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. 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 April 2022, Dr Martin Luther King Jr Scholarship Trust Fund reported income of $495k and spending of $211k, leaving 57% of income unspent that year. Across the 3 years on record, from April 2020 to April 2022, income grew from $348k to $495k (+42%), an average of +19% a year. The sharpest change came in the year to April 2022, when income rose by 56%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dr Martin Luther King Jr Scholarship Trust Fund sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include Rancho Solano PTO ($495k), Community Transition Academy ($495k) and Dibs for Kids ($495k).

On its Form 990 for the period ending April 2022, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.