Children of the King Academy Inc

Analysis

Children of the King Academy Inc is a registered charity in United States, based in Long Branch, NJ. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Children of the King Academy Inc reported income of $421k and spending of $407k, spending 97% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $286k to $421k (+48%), an average of +14% a year. The sharpest change came in the year to August 2022, when income rose by 62%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Children of the King Academy Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Sri Ahobila Muth Inc ($421k), Salem Ministers Conference Community Food Pantry ($422k) and Agebetter Inc ($421k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $23k (5.6% of expenses). At year end it held assets of $165k against liabilities of $1,522, net assets of $164k. It reported 14 employees.