Kings Way Christian Schools

Analysis

Kings Way Christian Schools is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in August 2015, 11 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 August 2023, Kings Way Christian Schools reported income of $14.6m and spending of $13.2m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $9.5m to $14.6m (+53%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 58%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kings Way Christian Schools sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Island Pacific Academy Inc ($14.6m), Patriot Preparatory Academy ($14.6m) and The Bronx High School of Science Alumni Foundation Inc ($14.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $362k (2.7% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $19.5m against liabilities of $10.2m, net assets of $9.3m. It reported 216 employees.