Martin Luther King Jr Center Inc

Analysis

Martin Luther King Jr Center Inc is a registered charity in United States, based in Rock Island, IL. It received its IRS tax-exemption ruling in January 1981, 45 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 December 2023, Martin Luther King Jr Center Inc reported income of $1.9m and spending of $1.6m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.9m (+85%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Martin Luther King Jr Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Tolosa Childrens Dental Center ($1.9m), Girls Incorporated of Carpinteria ($1.9m) and The Maverick Boys and Girls Club of Amarillo Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.0% of the total. Other salaries and wages came to $760k. At year end it held assets of $1.7m against liabilities of $1.2m, net assets of $496k. It reported 10 employees.