Martin Luther King Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | −18,710 | 50,000 | −68,710 | -72.1 | 0% |
| 2012 | 718,790 | 125,246 | 593,544 | 28.1 | 9% |
| 2013 | 8,838 | 49,194 | −40,356 | 62.8 | 0% |
| 2014 | 62,809 | 66,962 | −4,153 | 45.4 | 0% |
| 2015 | 101,164 | 53,040 | 48,124 | 68.8 | 0% |
| 2016 | 772,364 | 274,486 | 497,878 | 35.1 | 18% |
| 2017 | 417,553 | 444,107 | −26,554 | 21.0 | 6% |
| 2018 | 780,990 | 942,581 | −161,591 | 7.8 | 6% |
| 2019 | 588,800 | 531,768 | 57,032 | 15.1 | 0% |
| 2020 | 809,679 | 809,902 | −223 | 9.9 | 0% |
| 2021 | 1,359,984 | 1,179,220 | 180,764 | 9.0 | 6% |
| 2022 | 582,597 | 778,979 | −196,382 | 10.6 | 13% |
| 2023 | 1,908,899 | 939,304 | 969,595 | 21.1 | 9% |
| 2024 | 1,593,505 | 1,836,552 | −243,047 | 9.2 | 4% |
In its most recent public year (2024), this organization spent $243,047 more than it brought in. Its reserves stood at about 9.2 months of spending, up from -72.1 in 2011. Staff pay was 4% 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 2024. 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 2024. 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