Martin Luther King Multi-Purpose Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 487,410 | 570,713 | −83,303 | 4.9 | 65% |
| 2013 | 364,585 | 419,636 | −55,051 | 5.0 | 66% |
| 2015 | 426,200 | 429,737 | −3,537 | 1.8 | 65% |
| 2016 | 602,199 | 498,109 | 104,090 | 2.1 | 71% |
| 2017 | 518,594 | 503,936 | 14,658 | 2.4 | 66% |
| 2018 | 533,980 | 492,169 | 41,811 | 3.5 | 70% |
| 2019 | 580,925 | 542,312 | 38,613 | 4.5 | 69% |
| 2020 | 614,214 | 514,187 | 100,027 | 5.7 | 69% |
| 2021 | 415,058 | 308,926 | 106,132 | 10.4 | 53% |
| 2022 | 562,497 | 445,082 | 117,415 | 10.5 | 56% |
| 2023 | 472,023 | 586,023 | −114,000 | 5.7 | 66% |
In its most recent public year (2023), this organization spent $114,000 more than it brought in. Its reserves stood at about 5.7 months of spending. Staff pay was 66% 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
Martin Luther King Multi-Purpose Center'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