Dr Martin Luther King Jr Commemoration Society Inc

Analysis

Dr Martin Luther King Jr Commemoration Society Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in July 2014, 12 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 June 2024, Dr Martin Luther King Jr Commemoration Society Inc reported income of $68k and spending of $52k, leaving 23% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $59k to $68k (+15%), an average of +15% a year. Over the whole period it spent 81% 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 Commemoration Society Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within OK. Charities of a similar size with the same main cause include Red Ribbon Project ($68k), Oregon Coast Military Heritage Museum ($68k) and Bengali Association of Greater Nashville ($68k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.