Kings Academy

Analysis

Kings Academy is a registered charity in United States, based in Missouri City, TX. It received its IRS tax-exemption ruling in June 2005, 21 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 July 2023, Kings Academy reported income of $360k and spending of $913k, spending 253% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income fell from $1.6m to $360k (-77%), an average of -77% a year. The sharpest change came in the year to July 2023, when income dropped by 77%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kings Academy sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Waterville Parents Association ($360k), Global Recovery Initiatives Foundation ($360k) and Institute for Biomedical Entrepreneurship Inc ($360k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 13% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $99k (11% of expenses). Other salaries and wages came to $450k. At year end it held assets of $4.7m against liabilities of $17k, net assets of $4.7m. It reported 15 employees.