Friends Of Martin Luther King Jr Charter School Of Excellence Inc
Friends Of Martin Luther King Jr Charter School Of Excellence Inc maintains stable operations with declining assets and no reported officer compensation.
EIN: 203363691 · Springfield, MA · NTEE: B112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $406K |
| Total Expenses | $289K |
| Program Spending | 80% |
| Net Assets | $843K |
| Transparency Score | 75/100 |
Is Friends Of Martin Luther King Jr Charter School Of Excellence Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Martin Luther King Jr Charter School Of Excellence Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Martin Luther King Jr Charter School Of Excellence Inc
Friends Of Martin Luther King Jr Charter School Of Excellence Inc (EIN: 203363691) is a nonprofit organization based in Springfield, MA, classified under NTEE code B112. The organization reported total revenue of $406K and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Martin Luther King Jr Charter School Of Excellence Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Martin Luther King Jr Charter School Of Excellence Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $367K |
| Total Expenses | $289K |
| Surplus / Deficit | +$78K |
| Total Assets | $4.2M |
| Total Liabilities | $3.3M |
| Net Assets | $843K |
| Operating Margin | 21.2% |
| Debt-to-Asset Ratio | 79.7% |
| Months of Reserves | 172.5 months |
Financial Health Grade: A
In 2023, Friends Of Martin Luther King Jr Charter School Of Excellence Inc reported a surplus of $78K with revenue exceeding expenses, holds 172.5 months of operating reserves (strong position), has a debt-to-asset ratio of 79.7% (high leverage).
Financial Trends
Over 13 years of filings (2010–2023), Friends Of Martin Luther King Jr Charter School Of Excellence Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.6% | +3.8% | -4.4% |
| 2022 | -0.8% | +0.5% | -2.8% |
| 2021 | -4.8% | -2.5% | -3.0% |
| 2020 | -3.1% | -13.9% | -3.0% |
| 2019 | -10.1% | -7.3% | -6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Martin Luther King Jr Charter School Of Excellence Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Friends Of Martin Luther King Jr Charter School Of Excellence Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $78K, with revenue exceeding expenses.
- Debt-to-asset ratio: 79.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, directors, or trustees, which is a strong positive for minimizing administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Friends Of Martin Luther King Jr Charter School Of Excellence Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
- Consistent decline in total assets over the past decade without clear explanation
Strengths
The following positive indicators were identified for Friends Of Martin Luther King Jr Charter School Of Excellence Inc:
- Consistent revenue exceeding expenses in recent years (e.g., $367,135 revenue vs. $289,188 expenses in 2023)
- No reported officer compensation across all filings, indicating low administrative overhead for leadership
- Consistent IRS 990 filing history (13 filings), demonstrating good compliance and transparency
- Stable financial operations with positive net income in most recent periods
Frequently Asked Questions about Friends Of Martin Luther King Jr Charter School Of Excellence Inc
Is Friends Of Martin Luther King Jr Charter School Of Excellence Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Martin Luther King Jr Charter School Of Excellence Inc (EIN: 203363691) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Friends Of Martin Luther King Jr Charter School Of Excellence Inc spend its money?
Friends Of Martin Luther King Jr Charter School Of Excellence Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Martin Luther King Jr Charter School Of Excellence Inc tax-deductible?
Friends Of Martin Luther King Jr Charter School Of Excellence Inc is registered as a tax-exempt nonprofit (EIN: 203363691). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Martin Luther King Jr Charter School Of Excellence Inc's spending goes to programs?
Friends Of Martin Luther King Jr Charter School Of Excellence Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Martin Luther King Jr Charter School Of Excellence Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Friends Of Martin Luther King Jr Charter School Of Excellence Inc is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Martin Luther King Jr Charter School Of Excellence Inc located?
Friends Of Martin Luther King Jr Charter School Of Excellence Inc is headquartered in Springfield, Massachusetts and files with the IRS under EIN 203363691. It is classified under NTEE code B112.
How many years of IRS 990 filings does Friends Of Martin Luther King Jr Charter School Of Excellence Inc have?
Friends Of Martin Luther King Jr Charter School Of Excellence Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $406K in total revenue.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed functional expense breakdown. While total expenses are reported (e.g., $289,188 in 2023), the allocation across program services, management and general, and fundraising is not specified, making it difficult to precisely assess spending efficiency in these categories.
Why have the organization's assets been steadily declining over the past decade?
Assets have decreased from $5,809,510 in 2013 to $4,157,327 in 2023. While liabilities have also decreased, the specific reasons for the asset decline are not detailed in the provided summary. This could be due to depreciation of property, plant, and equipment, or strategic use of reserves, but further investigation into the balance sheet details would be needed.
How does the organization manage its leadership without reported officer compensation?
The consistent 0% officer compensation suggests that leadership may be entirely volunteer-based, or that compensation for key personnel is reported under other expense categories (e.g., program staff salaries) rather than specifically as officer compensation, or that the school itself (the charter school) directly compensates its leadership, and this organization serves a supporting role.
Filing History
IRS 990 filing history for Friends Of Martin Luther King Jr Charter School Of Excellence Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Friends Of Martin Luther King Jr Charter School Of Excellence Inc's revenue has grown by 382.4%, moving from $76K to $367K. Total assets decreased by 37.1% over the same period, from $6.6M to $4.2M. Total functional expenses rose by 2457.8%, from $11K to $289K. In its most recent filing year (2023), Friends Of Martin Luther King Jr Charter School Of Excellence Inc reported a surplus of $78K, with revenue exceeding expenses. The organization holds $3.3M in liabilities against $4.2M in assets (debt-to-asset ratio: 79.7%), resulting in net assets of $843K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $367K | $289K | $4.2M | $3.3M | — | View 990 |
| 2022 | $361K | $279K | $4.3M | $3.6M | — | View 990 |
| 2021 | $365K | $277K | $4.5M | $3.8M | — | View 990 |
| 2020 | $383K | $284K | $4.6M | $4.0M | — | View 990 |
| 2019 | $395K | $330K | $4.8M | $4.3M | — | View 990 |
| 2017 | $440K | $356K | $5.1M | $4.7M | — | View 990 |
| 2016 | $397K | $356K | $5.4M | $5.0M | — | View 990 |
| 2015 | $30K | $32K | $5.5M | $5.2M | — | View 990 |
| 2014 | $202K | $213K | $5.7M | $5.4M | — | View 990 |
| 2013 | $207K | $200K | $5.8M | $5.5M | — | View 990 |
| 2012 | $150K | $235K | $5.9M | $5.6M | — | View 990 |
| 2011 | $296K | $135K | $6.6M | $6.2M | — | View 990 |
| 2010 | $76K | $11K | $6.6M | $6.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $367K, expenses of $289K, and assets of $4.2M (revenue +1.6% year-over-year).
- 2022: Revenue of $361K, expenses of $279K, and assets of $4.3M (revenue -0.8% year-over-year).
- 2021: Revenue of $365K, expenses of $277K, and assets of $4.5M (revenue -4.8% year-over-year).
- 2020: Revenue of $383K, expenses of $284K, and assets of $4.6M (revenue -3.1% year-over-year).
- 2019: Revenue of $395K, expenses of $330K, and assets of $4.8M (revenue -10.1% year-over-year).
- 2017: Revenue of $440K, expenses of $356K, and assets of $5.1M (revenue +10.8% year-over-year).
- 2016: Revenue of $397K, expenses of $356K, and assets of $5.4M (revenue +1233.1% year-over-year).
- 2015: Revenue of $30K, expenses of $32K, and assets of $5.5M (revenue -85.3% year-over-year).
- 2014: Revenue of $202K, expenses of $213K, and assets of $5.7M (revenue -2.1% year-over-year).
- 2013: Revenue of $207K, expenses of $200K, and assets of $5.8M (revenue +37.3% year-over-year).
- 2012: Revenue of $150K, expenses of $235K, and assets of $5.9M (revenue -49.1% year-over-year).
- 2011: Revenue of $296K, expenses of $135K, and assets of $6.6M (revenue +288.6% year-over-year).
- 2010: Revenue of $76K, expenses of $11K, and assets of $6.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Martin Luther King Jr Charter School Of Excellence Inc:
Data Sources and Methodology
This transparency report for Friends Of Martin Luther King Jr Charter School Of Excellence Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.