Kings Academy Nashville

Analysis

Kings Academy Nashville is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in November 2021, 5 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 Nashville reported income of $2.8m and spending of $2.7m, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.4m to $2.8m (+95%), an average of +95% a year. The sharpest change came in the year to June 2023, when income rose by 95%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kings Academy Nashville sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Yeshiva Gedola Naos Yaakov Inc ($2.8m), Medical Library Association Inc ($2.8m) and Oak Knoll Montessori School ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $110k (4.2% of expenses). Other salaries and wages came to $943k. At year end it held assets of $983k against liabilities of $531k, net assets of $453k. It reported 46 employees.