Martin Luther King Center-Kitchen for the Poor Inc

Analysis

Martin Luther King Center-Kitchen for the Poor Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in March 1971, 55 years ago. 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 Center-Kitchen for the Poor Inc reported income of $684k and spending of $670k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $532k to $684k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Martin Luther King Center-Kitchen for the Poor Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Morris Area Childcare Center ($684k), National Association of Town Watch ($684k) and Northeast Oregon Area Health Education Center Inc ($684k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $47k (7.0% of expenses). Other salaries and wages came to $156k. At year end it held assets of $714k against liabilities of $27k, net assets of $686k. It reported 4 employees.