Dr Martin Luther King Jr Neighborhood Family Center Inc

Analysis

Dr Martin Luther King Jr Neighborhood Family Center Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in September 2009, 17 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 September 2023, Dr Martin Luther King Jr Neighborhood Family Center Inc reported income of $759k and spending of $686k, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $599k to $759k (+27%), an average of +6.1% a year. The sharpest change came in the year to September 2023, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Dr Martin Luther King Jr Neighborhood Family 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 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Foster Arizona ($759k), Real Champions Inc ($759k) and Youth for Christ USA Inc ($758k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $77k (11% of expenses). Other salaries and wages came to $292k. At year end it held assets of $543k against liabilities of $455k, net assets of $88k. It reported 14 employees.