Martin Luther King Jr Parade Foundation Inc

Analysis

Martin Luther King Jr Parade Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Parade Foundation Inc reported income of $173k and spending of $155k, spending 89% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $55k to $173k (+212%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Martin Luther King Jr Parade Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Newton Ministerial Alliance Inc ($173k), Believe in Me ($173k) and Gloversville Library Foundation Inc ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $165k against liabilities of $155k, net assets of $11k.