Martin Luther King Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 2,637,828 | 506,417 | 2,131,411 | 86.3 | 19% |
| 2011 | 1,764,590 | 1,314,423 | 450,167 | 74.9 | 9% |
| 2012 | 1,015,756 | 736,916 | 278,840 | 141.0 | 17% |
| 2013 | 3,433,905 | 813,720 | 2,620,185 | 97.1 | 15% |
| 2014 | 856,784 | 1,003,303 | −146,519 | 132.0 | 13% |
| 2015 | 1,251,535 | 832,269 | 419,266 | 165.4 | 10% |
| 2016 | 745,216 | 920,136 | −174,920 | 150.8 | 2% |
| 2017 | 1,331,246 | 1,192,197 | 139,049 | 117.8 | 1% |
| 2018 | 3,269,197 | 1,100,120 | 2,169,077 | 149.1 | 5% |
| 2019 | 1,049,434 | 1,231,731 | −182,297 | 132.5 | 8% |
| 2020 | 1,845,186 | 1,365,240 | 479,946 | 123.9 | 10% |
| 2021 | 1,119,485 | 1,416,431 | −296,946 | 116.9 | 11% |
| 2022 | 1,169,611 | 1,117,124 | 52,487 | 110.5 | 15% |
| 2023 | 965,733 | 1,061,685 | −95,952 | 115.2 | 18% |
In its most recent public year (2023), this organization spent $95,952 more than it brought in. Its reserves stood at about 115.2 months of spending, up from 86.3 in 2010. Staff pay was 18% 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 Economic Development Corporation'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