Dr Martin Luther King Jr Commemorative Commission Inc

Analysis

Dr Martin Luther King Jr Commemorative Commission Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Dr Martin Luther King Jr Commemorative Commission Inc reported income of $110k and spending of $82k, leaving 25% of income unspent that year. Across the 2 years on record, from February 2023 to February 2024, income grew from $77k to $110k (+44%), an average of +44% a year. The sharpest change came in the year to February 2024, when income rose by 44%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dr Martin Luther King Jr Commemorative Commission Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within TN. Charities of a similar size with the same main cause include Suzuki School of the Arts ($110k), New Amsterdam History Center ($110k) and Apex Theatre Studio Inc ($110k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.