Kings Classical Academy Inc

Analysis

Kings Classical Academy Inc is a registered charity in United States, based in Woodstock, GA. It received its IRS tax-exemption ruling in June 2000, 26 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, Kings Classical Academy Inc reported income of $5.8m and spending of $5.2m, spending 89% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $4.4m to $5.8m (+31%), an average of +9.5% a year. The sharpest change came in the year to May 2021, when income rose by 27%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kings Classical Academy 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 GA. Charities of a similar size with the same main cause include Texas Rangers Baseball Foundation ($5.8m), Pioneer Preparatory School- a Challenge Foundation Academy Inc ($5.8m) and Zenith Academy - East ($5.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 3.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $154k (3.0% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $16.5m against liabilities of $9.6m, net assets of $6.9m. It reported 244 employees.