Mat Su Martin Luther King Jr Foundation Inc
Mat Su Martin Luther King Jr Foundation Inc faces financial challenges with consistent deficit spending in recent years.
EIN: 10867530 · Wasilla, AK · NTEE: B82 · Updated: 2026-03-27
Is Mat Su Martin Luther King Jr Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mat Su Martin Luther King Jr Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mat Su Martin Luther King Jr Foundation Inc
Mat Su Martin Luther King Jr Foundation Inc (EIN: 10867530) is a nonprofit organization based in Wasilla, AK, classified under NTEE code B82. The organization reported total revenue of $9K and total assets of $16K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mat Su Martin Luther King Jr Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mat Su Martin Luther King Jr Foundation Inc is a micro nonprofit that has been operating for 19 years, with 8 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $12K |
| Surplus / Deficit | $-10,627 |
| Total Assets | $21K |
| Net Assets | $21K |
| Operating Margin | -656.0% |
| Months of Reserves | 20.1 months |
Financial Health Grade: B
In 2023, Mat Su Martin Luther King Jr Foundation Inc reported a deficit of $11K with expenses exceeding revenue, holds 20.1 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2012–2023), Mat Su Martin Luther King Jr Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2555.7% | +11.3% | -34.1% |
| 2022 | -93.0% | +40.0% | -13.2% |
| 2021 | -98.9% | -78.8% | -8.9% |
| 2020 | +774.9% | +504.7% | +565.2% |
| 2019 | +364.1% | +281.7% | +154.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Mat Su Martin Luther King Jr Foundation Inc with a Mission Score of 60 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, Mat Su Martin Luther King Jr Foundation 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 deficit of $11K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is common for small nonprofits and reflects a commitment to minimizing 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 Mat Su Martin Luther King Jr Foundation Inc's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023 expenses $12,247 vs. revenue $1,620)
- Declining asset base from $39,367 in 2020 to $20,510 in 2023
Strengths
The following positive indicators were identified for Mat Su Martin Luther King Jr Foundation Inc:
- No reported officer compensation, indicating volunteer leadership and low administrative overhead
- No reported liabilities across all filings, suggesting sound financial management in terms of debt
- Consistent IRS 990 filing history, demonstrating transparency
Frequently Asked Questions about Mat Su Martin Luther King Jr Foundation Inc
Is Mat Su Martin Luther King Jr Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mat Su Martin Luther King Jr Foundation Inc (EIN: 10867530) some concerns. Mission Score: 60/100. 2 red flags identified, 3 strengths noted.
How does Mat Su Martin Luther King Jr Foundation Inc spend its money?
Mat Su Martin Luther King Jr Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mat Su Martin Luther King Jr Foundation Inc tax-deductible?
Mat Su Martin Luther King Jr Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10867530). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Mat Su Martin Luther King Jr Foundation Inc a good charity?
The organization demonstrates a strong commitment to its mission through volunteer leadership (0% officer compensation) and has no reported liabilities. However, its recent financial performance, with expenses significantly exceeding revenue in the last three years (e.g., $12,247 expenses vs. $1,620 revenue in 2023), raises concerns about its long-term financial stability and ability to sustain programs.
Why are assets declining?
Assets have been declining since 2020 ($39,367) to $20,510 in 2023 primarily because the organization has consistently spent more than it has earned. For instance, in 2023, expenses were $12,247 while revenue was only $1,620, resulting in a net loss that drew down its reserves.
What caused the large revenue spike in 2020?
In 2020, the organization reported a significant revenue spike of $76,418, which is substantially higher than any other year. Without further detail from the 990, it's difficult to pinpoint the exact cause, but it could be due to a large one-time donation, a successful grant, or a major fundraising event.
Filing History
IRS 990 filing history for Mat Su Martin Luther King Jr Foundation Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2023), Mat Su Martin Luther King Jr Foundation Inc's revenue has declined by 39%, moving from $3K to $2K. Total assets increased by 1267.3% over the same period, from $2K to $21K. Total functional expenses rose by 407.3%, from $2K to $12K. In its most recent filing year (2023), Mat Su Martin Luther King Jr Foundation Inc reported a deficit of $11K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $12K | $21K | $0 | — | — |
| 2022 | $61 | $11K | $31K | $0 | — | View 990 |
| 2021 | $877 | $8K | $36K | $0 | — | View 990 |
| 2020 | $76K | $37K | $39K | $0 | — | View 990 |
| 2019 | $9K | $6K | $6K | $0 | — | View 990 |
| 2014 | $2K | $2K | $2K | $0 | — | View 990 |
| 2013 | $4K | $2K | $2K | $0 | — | View 990 |
| 2012 | $3K | $2K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2K, expenses of $12K, and assets of $21K (revenue +2555.7% year-over-year).
- 2022: Revenue of $61, expenses of $11K, and assets of $31K (revenue -93.0% year-over-year).
- 2021: Revenue of $877, expenses of $8K, and assets of $36K (revenue -98.9% year-over-year).
- 2020: Revenue of $76K, expenses of $37K, and assets of $39K (revenue +774.9% year-over-year).
- 2019: Revenue of $9K, expenses of $6K, and assets of $6K (revenue +364.1% year-over-year).
- 2014: Revenue of $2K, expenses of $2K, and assets of $2K (revenue -51.4% year-over-year).
- 2013: Revenue of $4K, expenses of $2K, and assets of $2K (revenue +45.9% year-over-year).
- 2012: Revenue of $3K, expenses of $2K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mat Su Martin Luther King Jr Foundation Inc:
Data Sources and Methodology
This transparency report for Mat Su Martin Luther King Jr Foundation 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.