Martin Luther King Youth Center Inc

Analysis

Martin Luther King Youth Center Inc is a registered charity in United States, based in Bridgewater, NJ. It received its IRS tax-exemption ruling in January 1980, 46 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2023, Martin Luther King Youth Center Inc reported income of $729k and spending of $716k, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $543k to $729k (+34%), an average of +7.6% a year. The sharpest change came in the year to August 2021, when income rose by 41%. Over the whole period it spent 89% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Martin Luther King Youth Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Puerto Rico Youth at Risk Inc ($727k), Encouraging Leaders ($729k) and Casa of Baltimore County Inc ($727k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 47% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $112k (16% of expenses). Other salaries and wages came to $261k. At year end it held assets of $964k against liabilities of $30k, net assets of $934k. It reported 21 employees.