Kingdom Education for Young Scholars

Analysis

Kingdom Education for Young Scholars is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2024, Kingdom Education for Young Scholars reported income of $591k and spending of $543k, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $496k to $591k (+19%), an average of +3.6% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kingdom Education for Young Scholars sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Go on the Mission ($591k), Interfaith Outreach Association ($591k) and Liminal Works Inc ($591k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $57k (11% of expenses). Other salaries and wages came to $43k. At year end it held assets of $227k against liabilities of $107k, net assets of $120k. It reported 12 employees.