Long Beach Martin Luther King Center Inc

Analysis

Long Beach Martin Luther King Center Inc is a registered charity in United States, based in Long Beach, NY. It received its IRS tax-exemption ruling in May 2013, 13 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 December 2023, Long Beach Martin Luther King Center Inc reported income of $187k and spending of $239k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $209k to $187k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Long Beach Martin Luther King Center Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Giving Gardens Inc ($187k), Penns Grove Carneys Point S a C C Inc ($187k) and Azaging Inc ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $119k. At year end it held assets of $640 against liabilities of $11k, net assets of -$11k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.