King University

Analysis

King University is a registered charity in United States, based in Bristol, TN. It received its IRS tax-exemption ruling in July 1979, 47 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 May 2023, King University reported income of $38.3m and spending of $40.9m, spending 107% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $40.8m to $38.3m (-6.3%), an average of -1.6% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, King University sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Classical Academy ($38.2m), Ccres ($38.3m) and California State University Fresno Association Inc ($38.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $1.1m (2.7% of expenses). Other salaries and wages came to $12.4m. At year end it held assets of $64.3m against liabilities of $9.6m, net assets of $54.6m. It reported 695 employees.