Martin Luther King Jr Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,141,612 | 1,027,865 | 113,747 | -1.2 | 58% |
| 2021 | 1,503,449 | 1,272,106 | 231,343 | 3.0 | 55% |
| 2022 | 1,607,926 | 1,707,086 | −99,160 | 1.3 | 43% |
| 2023 | 1,944,613 | 1,640,478 | 304,135 | 3.6 | 46% |
In its most recent public year (2023), this organization brought in $304,135 more than it spent. Its reserves stood at about 3.6 months of spending, up from -1.2 in 2020. Staff pay was 46% 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
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