MLK Health and Wellness Community Development Corporation

Analysis

MLK Health and Wellness Community Development Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, MLK Health and Wellness Community Development Corporation reported income of $111k and spending of $251k, spending 225% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $427k to $111k (-74%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 69%. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, MLK Health and Wellness Community Development Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Integrity Foundation Inc ($111k), Walworth Fontana Rotary Foundation Inc ($111k) and Highland District Council ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $825k against liabilities of $153k, net assets of $672k.