Martin Luther Tower Inc

Analysis

Martin Luther Tower Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 1983, 43 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Martin Luther Tower Inc reported income of $1.7m and spending of $1.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.7m (+56%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Martin Luther Tower Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include East Tennessee Housing Development Corporation ($1.7m), Presidio Village Senior Housing Inc ($1.7m) and Gleh Los Angeles Corporation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. At year end it held assets of $15.8m against liabilities of $7.3m, net assets of $8.5m.