Martin Luther King Jr Community Medical Foundation

Analysis

Martin Luther King Jr Community Medical Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Martin Luther King Jr Community Medical Foundation reported income of $27.9m and spending of $36.3m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.0m to $27.9m (+74%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 55%. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Martin Luther King Jr Community Medical Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Seton Medical Group Inc ($27.8m), Manet Community Health Center Inc ($27.9m) and Ida County Iowa Community Hospital ($27.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Other salaries and wages came to $5.3m. At year end it held assets of $47.6m against liabilities of $68.9m, net assets of -$21.3m.

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.