39
Mlk Avenue Redevelopment Corporation
Community Development · Mobile, Alabama
Po Box 2204, Mobile, AL 36652-2204
EIN: 631088214· Founded: Jun 1993· 33 years active· Filing Year: 2023
Annual Revenue
$292K
Total Expenses
$417K
Total Assets
$939K
Program Spending
32%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$90K
21.6% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
Not reported
Total Payroll
$90K
22% of total expenses
Where the Money Goes
32%
Programs: 32%
Payroll: 22%
Other overhead: 69%
Program Revenue$131K (45%)
Total Expenses$417K (100%)
Payroll$90K (22%)
Overhead (non-program)69%
Trust Score Breakdown
Program Spending Ratio
32% of expenses go to programs
Revenue & Stability
$292K annual revenue
Executive Compensation
$90K total officer comp (21.6% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$939K in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.