Martin Luther King Sr Community Resources Collaborative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 143,401 | 250,579 | −107,178 | 0.6 | 31% |
| 2016 | 282,965 | 334,223 | −51,258 | 4.0 | 36% |
| 2017 | 200,027 | 304,581 | −104,554 | 2.2 | 40% |
| 2018 | 293,513 | 360,566 | −67,053 | 1.2 | 32% |
| 2019 | 411,270 | 459,136 | −47,866 | 1.0 | 28% |
| 2020 | 962,319 | 819,687 | 142,632 | 4.1 | 16% |
| 2021 | 1,061,719 | 745,031 | 316,688 | 9.6 | 27% |
| 2022 | 1,946,482 | 1,008,926 | 937,556 | 18.2 | 23% |
| 2023 | 1,543,258 | 1,993,584 | −450,326 | 6.5 | 8% |
In its most recent public year (2023), this organization spent $450,326 more than it brought in. Its reserves stood at about 6.5 months of spending, up from 0.6 in 2015. Staff pay was 8% of spending. $530,211 of its net assets are donor-restricted.
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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