Dr Martin Luther King Parade Foundation Inc

Analysis

Dr Martin Luther King Parade Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in July 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 (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, Dr Martin Luther King Parade Foundation Inc reported income of $338k and spending of $356k, spending 105% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $217k to $338k (+56%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dr Martin Luther King Parade Foundation Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Making the Right Connections Inc ($338k), Parkway Alumni Association ($338k) and Abc Cares Foundation Inc ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $107k against liabilities of $54k, net assets of $53k.