Friends of Martin Luther King Jr Charter School of Excellence Inc

Analysis

Friends of Martin Luther King Jr Charter School of Excellence Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in July 2006, 20 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 June 2023, Friends of Martin Luther King Jr Charter School of Excellence Inc reported income of $367k and spending of $289k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $395k to $367k (-7.1%), an average of -1.8% a year. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Martin Luther King Jr Charter School of Excellence Inc 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 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Pleasant View Missionalry Baptist C ($367k), Dream N Achieve Inc ($367k) and Community Education Project Inc ($367k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $4.2m against liabilities of $3.3m, net assets of $843k.