Kings Academy Inc

Analysis

Kings Academy Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2022, Kings Academy Inc reported income of $2.0m and spending of $639k, leaving 68% of income unspent that year. Across the 4 years on record, from July 2019 to July 2022, income grew from $292k to $2.0m (+573%), an average of +89% a year. The sharpest change came in the year to July 2022, when income rose by 610%. Over the whole period it spent 59% 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 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Astra Nova School ($2.0m), Barrington Christian Academy ($2.0m) and Minnesota Private College Fund ($2.0m).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 88% of the total. At year end it held assets of $11.7m against liabilities of $3.0m, net assets of $8.7m.