MARTIN LUTHER KING JR FREEDOM CENTER
Mission Statement
The Martin Luther King Jr. Freedom Center actively: Fosters learning about the life, influence and continuing dream of Dr. Martin Luther King Jr. and other leaders in the movement for civil rights and nonviolence; Provides children, youth, and families with a safe haven to participate in structured activities and programs that foster the development of healthy, well rounded individuals and communities; Provides resources to public agencies and private organizations which teach conflict resolution skills and promote violence prevention and positive behavior, particularly among youth; Provides an opportunity for the public in general, and young people in particular, to learn about and appreciate ecological treasures; Offers a natural and peaceful experience in sections of Alameda County’s diverse parks and natural habitats for workshops, retreats and classes; Supports economic development by providing opportunities for internships and career training in traditional and emerging fields including meditation, conflict management and violence prevention as well as environmental education, restoration and green jobs; and Works in collaboration with existing organizations to educate and provide resources to surrounding communities
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
94.3% | 85.5% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.7% | 11.3% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.4% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
24.8 mo | 8.5 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
7.6% | 13.3% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
98.8% | 93.2% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
60.4% | 7.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-27.3% | 7.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
58.9% | 1.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $3.1M | $1.3M | $2.6M | 94.3% | 13 |
| 2023 | $1.9M | $1.8M | $814K | 97.6% | 17 |
| 2022 | $1.2M | $1.5M | $619K | 94.2% | 16 |
| 2021 | $4.0M | $1.7M | N/A | — | 15 |
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