Kingston Educational Holdings 1 Inc

Analysis

Kingston Educational Holdings 1 Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kingston Educational Holdings 1 Inc reported income of $5.9m and spending of $7.9m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $5.9m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income rose by 77%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kingston Educational Holdings 1 Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Libertas College Preparatory ($5.9m), I S Kosloff Torah Academy High School for Girls ($5.9m) and Logos Preparatory Academy ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. At year end it held assets of $71.1m against liabilities of $78.5m, net assets of -$7.4m.