Kingsway Learning Center

Analysis

Kingsway Learning Center is a registered charity in United States, based in Marlton, NJ. It received its IRS tax-exemption ruling in October 1976, 50 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, Kingsway Learning Center reported income of $18.5m and spending of $18.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.0m to $18.5m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2020, when income rose by 17%. 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, Kingsway Learning Center sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include BBR Schools Inc ($18.5m), Presidio Knolls School Inc ($18.5m) and South Texas Educational Technologies Inc ($18.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $10.8m. At year end it held assets of $14.7m against liabilities of $12.4m, net assets of $2.3m. It reported 346 employees.