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Passes our checks

Dr Martin Luther King Jr Parade and Festivities Committee Inc

EIN 59-2481519 · Miami, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair58 out of 100GovernanceFair59 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • Only 29% of its spending went to programs.
  • Raising each dollar of donations cost 84 cents.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

MLK PARADE AND FESTIVAL SERVES OVER 500,000 PEOPLE ANNUALLY AND HONORS THE MEMORY OF DR. MARTIN LUTHER KING JR.

Income
$300,499
Spending
$308,629
Spent on programs
29%
Reserves
4 months of spending
Largest source of income
government grants, 73%
Employees
0
Volunteers
55

Source: Form 990 for the year ending April 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 58 out of 100.

  • Reserves

    20 of 35

    Spendable reserves would cover 4.0 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 3% of income.

  • Income trend

    10 of 15

    Income fell 1% on the year before.

  • Spending floor

    0 of 15

    29% of spending went to programs and raising each dollar of donations cost 84 cents.

Source: Form 990 for the year ending April 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 59 out of 100.

  • Independent board

    25 of 25

    11 of 11 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending April 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. The organization presents the nations oldest 47 years largest 500000 in attendance during the day long events MLK holiday parade and festival that commemorates the civil rights icons legacy It promotes all human value and potential as a means to eliminate poverty racism and violence Beginning in Liberty City and ending at MLK Park the event spotlights a diverse culture and features arts programming entertainment and culinary experiences that honor promote and unify civic pride and engenders commitment to cultural education growth and development In addition throughout the year the organization provides economic educational seminars for teens community outreach to seniors scholarships and various cultural enrichment programs

Source: Form 990 for the year ending April 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending April 2026.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 1986.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.