Martin Luther Foundation of Dover

Analysis

Martin Luther Foundation of Dover is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2024, Martin Luther Foundation of Dover reported income of $984k and spending of $122k, leaving 88% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $98k to $984k (+904%), an average of +78% a year. The sharpest change came in the year to June 2022, when income rose by 398%. Over the whole period it spent 23% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Martin Luther Foundation of Dover sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within DE. Charities of a similar size with the same main cause include Aliyah Foundation Inc ($983k), Wynncliff Inc ($984k) and Action Ministries Inc ($982k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 8.2% of the total. At year end it held assets of $4.9m against liabilities of $67k, net assets of $4.8m.