Kingdom Life Academy

Analysis

Kingdom Life Academy is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kingdom Life Academy reported income of $227k and spending of $214k, spending 94% of its income. Across the 6 years on record, from August 2019 to December 2023, income fell from $275k to $227k (-18%), an average of -3.8% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kingdom Life Academy sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Trinity Fitness Riverside Inc ($227k), Cherubim and Seraphim Church of Georgia ($227k) and You Gotta Ask Inc ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $863k against liabilities of $5,286, net assets of $857k. It reported 11 employees.