King School Incorporated

Analysis

King School Incorporated is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, King School Incorporated reported income of $42.0m and spending of $41.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.6m to $42.0m (+18%), an average of +4.2% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, King School Incorporated sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include Santa Fe South Schools Inc ($42.0m), West Virginia University Medical Corporation ($42.0m) and Carlos Albizu University Inc ($42.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.0m (2.5% of expenses). Other salaries and wages came to $16.2m. At year end it held assets of $115.1m against liabilities of $40.6m, net assets of $74.5m. It reported 367 employees.