Kings Academy Inc

Analysis

Kings Academy Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in December 1970, 56 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 June 2023, Kings Academy Inc reported income of $45.8m and spending of $41.9m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.3m to $45.8m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2020, when income rose by 17%. 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 Academy Inc 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 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Rex and Margaret Fortune School of Education ($45.7m), Sponsors for Educational Opportunity Inc ($45.8m) and Limestone University ($45.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $833k (2.0% of expenses). Other salaries and wages came to $12.2m. At year end it held assets of $77.8m against liabilities of $29.8m, net assets of $48.0m. It reported 456 employees.