Martin Luther King Jr Association of Asheville & Buncombe County is a 501(c)(3) organization based in Asheville, North Carolina, registered in 2003, with $141,396 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$141K
▼ 6.7% vs prior year
Civil Rights median: $332K
Expenses (FY2024)
$128K
Net assets
$14K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Martin Luther King Jr Association of Asheville & Buncombe County— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Martin Luther King Jr Association of Asheville & Buncombe County: 1 mo reserves · +10% margin earns a C+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Martin Luther King Jr Association of Asheville & Buncombe County— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Martin Luther King Jr Association of Asheville & Buncombe County: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $142K (FY2020) to $141K (FY2024) across 5 reported years.
Financial snapshot
Operating margin
9.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$14K
Net assets
$14K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $141,396▼6.7% | $127,780▼40.1% | $13,616▲228% | $13,616 | 990EZ |
| 2023 | $151,566▲107% | $213,225▲192% | -$10,598▼167% | $0▼100% | 990EZ |
| 2022 | $73,313▲2.8% | $73,006▲48.4% | $15,848▼82.1% | $15,848▼82.1% | 990EZ |
| 2021 | $71,317▼49.7% | $49,192▼34.7% | $88,538▲33.3% | $88,538▲33.3% | 990EZ |
| 2020 | $141,730 | $75,317 | $66,413 | $66,413 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
4 grants to Martin Luther King Jr Association of Asheville & Buncombe County totaling $80K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Community Foundation of Western North Carolina Inc | Building community & economic vitality | 2021 | $7,425 |
| The Community Foundation of Western North Carolina Inc | Building community & economic vitality | 2020 | $40,500 |
| Ayco Charitable Foundation | Community & human services | 2019 | $10,000 |
| Anc Healthcare Inc | Assistance to local nonprofit | 2017 | $22,213 |
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Data for Martin Luther King Jr Association of Asheville & Buncombe County (EIN 13-4219513) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.