Kings Academy Inc

Analysis

Kings Academy Inc is a registered charity in United States, based in Mohrsville, PA. It received its IRS tax-exemption ruling in November 1999, 27 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 2024, Kings Academy Inc reported income of $1.6m and spending of $1.6m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $1.6m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kings Academy Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Family Foundation ($1.6m), Christian Academy of Lawrenceburg Kentucky Inc ($1.6m) and Washington International School ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 24% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $56k (3.5% of expenses). Other salaries and wages came to $1000k. At year end it held assets of $1.4m against liabilities of $4,959, net assets of $1.4m. It reported 45 employees.