Martin Luther King Multi-Purpose Center

Analysis

Martin Luther King Multi-Purpose Center is a registered charity in United States, based in Spring Valley, NY. It received its IRS tax-exemption ruling in April 1984, 42 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 March 2023, Martin Luther King Multi-Purpose Center reported income of $472k and spending of $586k, spending 124% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $614k to $472k (-23%), an average of -8.4% a year. The sharpest change came in the year to March 2022, when income rose by 36%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Martin Luther King Multi-Purpose Center sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include True Organic Inc ($472k), Redbud Financial Alternatives Inc ($472k) and Corazon Community Services ($472k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 88% and program service revenue 10% of the total. Other salaries and wages came to $387k. At year end it held assets of $361k against liabilities of $85k, net assets of $276k. It reported 40 employees.