Christ the King Continuing Education Inc

Analysis

Christ the King Continuing Education Inc is a registered charity in United States, based in Middle VLG, NY. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Christ the King Continuing Education Inc reported income of $4.9m and spending of $4.7m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $5.7m to $4.9m (-15%), an average of -3.9% a year. The sharpest change came in the year to August 2022, when income rose by 27%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Christ the King Continuing Education Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Destiny Advanced Learning Center ($4.9m), Wisconsin Association of Independent Colleges and Universit ($4.9m) and Partnership for Art at the Core of Education Inc ($4.9m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 81% of the total. Compensation of current officers, directors and key employees was $1.4m (30% of expenses). Other salaries and wages came to $600k. At year end it held assets of $4.9m against liabilities of $2.5m, net assets of $2.4m. It reported 13 employees.