Kings College

Analysis

Kings College is a registered charity in United States, based in Wilkes Barre, PA. It received its IRS tax-exemption ruling in August 1977, 49 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, Kings College reported income of $95.6m and spending of $96.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $107.5m to $95.6m (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2022, when income dropped by 21%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kings College sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Ottawa University ($95.5m), Saint Michaels College ($95.7m) and Concordia University Chicago ($94.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.7% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.3m (1.4% of expenses). Other salaries and wages came to $25.6m. It paid $34k in professional fundraising fees. At year end it held assets of $260.0m against liabilities of $70.3m, net assets of $189.7m. It reported 1,057 employees.