Kings Academy Inc

Analysis

Kings Academy Inc is a registered charity in United States, based in Jonesboro, IN. It received its IRS tax-exemption ruling in June 2001, 25 years ago. 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 Academy Inc reported income of $1.1m and spending of $975k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $887k to $1.1m (+20%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kings Academy Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Waseca Learning Environment Inc ($1.1m), Order of St Camillus Foundation Inc ($1.1m) and Matrix Lifecare Center Inc Bravely Womens Health ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Other salaries and wages came to $521k. At year end it held assets of $497k against liabilities of $39k, net assets of $458k. It reported 48 employees.