Kings Way Academy

Analysis

Kings Way Academy is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in February 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 December 2023, Kings Way Academy reported income of $111k and spending of $130k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $254k to $111k (-56%), an average of -56% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kings Way Academy sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within AZ. Charities of a similar size with the same main cause include Ptsa Connecticut Inc ($111k), O-Higher Ed ($111k) and Napa High School Choral Boosters ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $85k. At year end it held assets of $100k against liabilities of $0, net assets of $100k. It reported 1 employees.