Martin Luther King School Inc

Analysis

Martin Luther King School Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in June 1970, 56 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Martin Luther King School Inc reported income of $979k and spending of $1.3m, spending 130% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income grew from $787k to $979k (+24%), an average of +4.5% a year. The sharpest change came in the year to July 2022, when income rose by 59%. Over the whole period it spent 102% 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 School Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Bridge to Hope Inc ($979k), County of Dodge Project Head Start ($979k) and Commission on Accreditation for Home Care Inc ($979k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 24% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $48k (3.7% of expenses). Other salaries and wages came to $591k. At year end it held assets of $3.3m against liabilities of $56k, net assets of $3.2m. It reported 23 employees.