Martin Luther King Jr Child Development Center Inc

Analysis

Martin Luther King Jr Child Development Center Inc is a registered charity in United States, based in Salina, KS. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Child Development Center Inc reported income of $606k and spending of $694k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $537k to $606k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Martin Luther King Jr Child Development Center Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within KS. Charities of a similar size with the same main cause include Luv U Project in Memory of Carolyn C Mattingly Inc ($606k), Contact the Crisis Line ($606k) and Life Tools Community Development Corporation ($605k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $60k (8.6% of expenses). Other salaries and wages came to $464k. At year end it held assets of $1.2m against liabilities of $9,737, net assets of $1.2m. It reported 47 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.