Meadville Martin Luther King Jr Scholarship Fund

Analysis

Meadville Martin Luther King Jr Scholarship Fund is a registered charity in United States, based in Meadville, PA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Meadville Martin Luther King Jr Scholarship Fund reported income of $159k and spending of $124k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $159k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Meadville Martin Luther King Jr Scholarship Fund sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include Foundation for the History of Women in Medicine ($159k), Cdu Foundation ($159k) and Smith County High School Owls Quarterback Club Inc ($159k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $278k against liabilities of $5,128, net assets of $273k.