Dr Martin Luther King Jr Parade and Festivities Committee Inc

Analysis

Dr Martin Luther King Jr Parade and Festivities Committee Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 1986, 40 years ago. 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 April 2023, Dr Martin Luther King Jr Parade and Festivities Committee Inc reported income of $324k and spending of $297k, spending 92% of its income. Across the 3 years on record, from April 2021 to April 2023, income grew from $222k to $324k (+46%), an average of +21% a year. The sharpest change came in the year to April 2022, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dr Martin Luther King Jr Parade and Festivities Committee Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Northeast Organic Farming Assn ($324k), Chariton County Sheltered Workshop ($324k) and Afb Special Fund Inc ($324k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $86k against liabilities of $2,325, net assets of $84k.