Florida · Nonprofit
MARTIN LUTHER KING ECONOMIC DEV
MARTIN LUTHER KING ECONOMIC DEV (Florida) receives grants from 2 organizations whose IRS filings report $75,000 to it, the largest being LEON J SIMKINS CHARITABLE FOUNDATION ($50,000). 1 of them have funded it in more than one year.
- Revenue FY2026
- $1.2M
- Funders on record
- 2
- Grants received
- $75k
- Net assets
- $1.7M
What Martin Luther King Economic Dev does
Mission
Advocate on behalf of the community for the revitalization of commercial and residential areas within the target area. The organization also operates mlkedc business center, which includes maintenance, repairs, and counseling.
As stated on its FY2026 Form 990.
Programs
Advocate for the revitalization and preservation of commercial areas within the target area.
$300,053 spent19% of program spendingHost and promote community events
$492,754 spent31% of program spendingTo enhance skills and to provide transportation to individuals in the community.
$434,787 spent28% of program spendingCbo, rentals
$347,090 spent22% of program spending
The 4 programs described on its FY2026 Form 990, listed largest first by expense. Program spending in total: $1,574,684.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $859k to $1.8M (+111%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 80% · 2018 71% · 2019 75% · 2020 47% · 2021 69% · 2022 35% · 2023 78% · 2024 76% · 2025 80% · 2026 70%. Grants only. Government contracts and fees sit inside program revenue.
71% of MARTIN LUTHER KING ECONOMIC DEV’s revenue is contributions — more donation-reliant than the typical peer (60% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 10 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2018 → 2020: the base held at 1 funder, grant income held at $25k.
1 of 2 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 33% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of MARTIN LUTHER KING ECONOMIC DEV’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
MARTIN LUTHER KING ECONOMIC DEV leans on a few funders — its largest provides 67% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
33% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MARTIN LUTHER KING ECONOMIC DEV.
Largest funder’s share by year: 2018 100% · 2019 100% · 2020 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of MARTIN LUTHER KING ECONOMIC DEV's grant income comes from Florida funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $25k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
MARTIN LUTHER KING ECONOMIC DEV has grown faster than half of the 33 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 33 community improvement nonprofits $1M–$10M, FY2026
Organizations like MARTIN LUTHER KING ECONOMIC DEV
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Florida
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
96% of spending goes to programs.
Governance
Public support
86%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for MARTIN LUTHER KING ECONOMIC DEV: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds MARTIN LUTHER KING ECONOMIC DEV?
- MARTIN LUTHER KING ECONOMIC DEV (Florida) receives grants from 2 organizations whose IRS filings report $75,000 to it, the largest being LEON J SIMKINS CHARITABLE FOUNDATION ($50,000). 1 of them have funded it in more than one year.
- How many funders does MARTIN LUTHER KING ECONOMIC DEV have?
- IRS filings report 2 organizations giving $75,000 in grants to MARTIN LUTHER KING ECONOMIC DEV, 1 of which have funded it in more than one year.
- Who is the largest funder of MARTIN LUTHER KING ECONOMIC DEV?
- LEON J SIMKINS CHARITABLE FOUNDATION is the largest funder on record, with $50,000 in grants. The full list of funders is on this page.
- How can an organization like MARTIN LUTHER KING ECONOMIC DEV find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Martin Luther King Economic Dev →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2026 (financials across 2017–2026), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing