Martin Luther King Jr Memorial Scholarship Committee

Analysis

Martin Luther King Jr Memorial Scholarship Committee is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in June 1993, 33 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 December 2023, Martin Luther King Jr Memorial Scholarship Committee reported income of $288k and spending of $222k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $259k to $288k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Martin Luther King Jr Memorial Scholarship Committee sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Harkness House Incorporated ($288k), Fontainebleau Association ($288k) and Classical Beginnings Inc ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $613k against liabilities of $0, net assets of $613k.