Martin Luther King Jr Freedom Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 369,992 | 307,530 | 62,462 | 4.9 | 21% |
| 2012 | 393,195 | 397,274 | −4,079 | 3.6 | 10% |
| 2013 | 518,479 | 446,890 | 71,589 | 5.2 | 14% |
| 2014 | 329,147 | 383,746 | −54,599 | 4.3 | 25% |
| 2015 | 315,686 | 371,660 | −55,974 | 2.6 | 38% |
| 2016 | 340,992 | 354,986 | −13,994 | 2.3 | 37% |
| 2017 | 355,914 | 241,774 | 114,140 | 8.7 | 32% |
| 2018 | 1,406,532 | 586,564 | 819,968 | 20.4 | 22% |
| 2019 | 310,762 | 1,214,863 | −904,101 | 0.9 | 28% |
| 2020 | 1,696,656 | 1,320,808 | 375,848 | 4.5 | 34% |
| 2021 | 2,005,266 | 1,713,508 | 291,758 | 6.4 | 32% |
| 2022 | 1,228,629 | 1,525,564 | −296,935 | 4.9 | 38% |
| 2023 | 1,937,486 | 1,757,006 | 180,480 | 5.6 | 34% |
In its most recent public year (2023), this organization brought in $180,480 more than it spent. Its reserves stood at about 5.6 months of spending. Staff pay was 34% 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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