Long Beach Martin Luther King Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 225,885 | 230,478 | −4,593 | -0.2 | 56% |
| 2012 | 169,255 | 176,888 | −7,633 | -0.8 | 51% |
| 2013 | 165,364 | 155,245 | 10,119 | 0.1 | 32% |
| 2014 | 234,827 | 257,893 | −23,066 | -0.8 | 60% |
| 2015 | 230,021 | 236,377 | −6,356 | -1.2 | 66% |
| 2016 | 227,988 | 203,015 | 24,973 | 0.1 | 63% |
| 2017 | 272,805 | 237,687 | 35,118 | 1.9 | 48% |
| 2018 | 322,868 | 235,616 | 87,252 | 6.3 | 63% |
| 2019 | 209,306 | 325,513 | −116,207 | 0.3 | 54% |
| 2020 | 229,219 | 180,045 | 49,174 | 3.8 | 43% |
| 2021 | 207,561 | 218,114 | −10,553 | 2.6 | 55% |
| 2022 | 249,163 | 254,707 | −5,544 | 1.9 | 53% |
| 2023 | 187,035 | 238,741 | −51,706 | -0.5 | 50% |
In its most recent public year (2023), this organization spent $51,706 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.5 months). Staff pay was 50% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Long Beach Martin Luther King Center Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works