Martin Luther King Sr Community Resources Collaborative

Analysis

Martin Luther King Sr Community Resources Collaborative is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 Sr Community Resources Collaborative reported income of $1.5m and spending of $2.0m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $411k to $1.5m (+275%), an average of +39% a year. The sharpest change came in the year to December 2020, when income rose by 134%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Martin Luther King Sr Community Resources Collaborative 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 84th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include Alfred Technology Resources Inc ($1.5m), Star C Corporation ($1.5m) and Chatham Business Association Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $157k. At year end it held assets of $1.1m against liabilities of $19k, net assets of $1.1m. It reported 5 employees.