Martin Luther King Multi-Service Center Indianapolis Incorporated

Analysis

Martin Luther King Multi-Service Center Indianapolis Incorporated is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 2004, 22 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 June 2023, Martin Luther King Multi-Service Center Indianapolis Incorporated reported income of $8.6m and spending of $2.9m, leaving 66% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $8.6m (+660%), an average of +66% a year. The sharpest change came in the year to June 2021, when income rose by 204%. Over the whole period it spent 53% 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-Service Center Indianapolis Incorporated sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Girls Haven ($8.6m), Ingleside Homes Inc ($8.6m) and Cornerstone Family Ministries Inc ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.1% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $12.1m against liabilities of $174k, net assets of $11.9m. It reported 37 employees.