The Kings Academy

Analysis

The Kings Academy is a registered charity in United States, based in Sunnyvale, CA. It received its IRS tax-exemption ruling in April 1992, 34 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, The Kings Academy reported income of $26.1m and spending of $26.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.0m to $26.1m (+9.1%), an average of +2.2% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Kings Academy sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Glenelg Country School Inc ($26.1m), One Million Degrees ($26.2m) and Cardinal Services Inc of Indiana ($26.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.0m (4.0% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $67.0m against liabilities of $53.6m, net assets of $13.4m. It reported 298 employees.