King Center Charter School
King Center Charter School shows long-term asset growth but recent deficit spending and no reported officer compensation.
EIN: 161587793 · Buffalo, NY · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.5M |
| Total Expenses | $6.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $6.8M |
| Transparency Score | 85/100 |
Is King Center Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
King Center Charter School directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About King Center Charter School
King Center Charter School (EIN: 161587793) is a nonprofit organization based in Buffalo, NY, classified under NTEE code B99. The organization reported total revenue of $6.5M and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of King Center Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
King Center Charter School is a mid-size nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $6.9M |
| Surplus / Deficit | $-865,249 |
| Total Assets | $7.7M |
| Total Liabilities | $887K |
| Net Assets | $6.8M |
| Operating Margin | -14.3% |
| Debt-to-Asset Ratio | 11.5% |
| Months of Reserves | 13.4 months |
Financial Health Grade: B
In 2024, King Center Charter School reported a deficit of $865K with expenses exceeding revenue, holds 13.4 months of operating reserves (strong position), has a debt-to-asset ratio of 11.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), King Center Charter School's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -7.2% | -0.7% | -9.2% |
| 2023 | -14.9% | -4.1% | -5.6% |
| 2022 | +4.9% | +18.4% | +6.4% |
| 2021 | +17.5% | -0.5% | +1.8% |
| 2020 | -1.0% | +6.2% | +10.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates King Center Charter School with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, King Center Charter School allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $865K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $6 million. This suggests that executive leadership may be volunteer-based or compensated through a different structure not captured under 'officer compensation' on the 990.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of King Center Charter School's IRS 990 filings:
- Consistent deficit spending in the most recent two fiscal periods (202406 and 202306), where expenses exceeded revenue.
- Decline in total assets from a peak of $8,970,236 in 202206 to $7,687,215 in 202406, coinciding with deficit spending.
- Unusually low (0%) reported officer compensation for an organization of this size, which might indicate compensation is reported in other categories or through related entities, requiring further investigation.
Strengths
The following positive indicators were identified for King Center Charter School:
- Strong long-term asset growth, increasing from $3,056,867 in 201506 to $7,687,215 in 202406.
- Consistent and extensive IRS 990 filing history (14 filings), demonstrating high transparency.
- Zero reported officer compensation across all filings, suggesting a high dedication of funds to programmatic activities.
- Operating as a charter school (NTEE B99), implying a direct and measurable impact on education.
Frequently Asked Questions about King Center Charter School
Is King Center Charter School a legitimate charity?
King Center Charter School (EIN: 161587793) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $6.5M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does King Center Charter School spend its money?
King Center Charter School directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to King Center Charter School tax-deductible?
King Center Charter School is registered as a tax-exempt nonprofit (EIN: 161587793). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the King Center Charter School CEO make?
King Center Charter School's highest-compensated officer earns $6 annually. The organization reported $6.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of King Center Charter School's spending goes to programs?
King Center Charter School directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does King Center Charter School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), King Center Charter School is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is King Center Charter School located?
King Center Charter School is headquartered in Buffalo, New York and files with the IRS under EIN 161587793. It is classified under NTEE code B99.
How many years of IRS 990 filings does King Center Charter School have?
King Center Charter School has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.5M in total revenue.
Is King Center Charter School a good charity?
Based on the available data, King Center Charter School demonstrates strong financial transparency through consistent 990 filings and a notable commitment to its mission by reporting 0% officer compensation. While recent years show expenses exceeding revenue, the long-term trend of asset growth and the nature of a charter school's operations (where most spending is inherently programmatic) suggest a generally positive impact. However, the recent deficit spending trend warrants monitoring.
Why are expenses exceeding revenue in recent years?
In fiscal year 202406, expenses were $6,899,996 while revenue was $6,034,747, and in 202306, expenses were $6,948,153 against revenue of $6,503,461. This indicates the organization is spending more than it is bringing in, potentially drawing from accumulated assets or other reserves to cover operational costs.
What is the trend in the organization's assets?
The organization's assets have grown significantly over the long term, from $3,056,867 in 201506 to $7,687,215 in 202406. However, there has been a recent decline from a peak of $8,970,236 in 202206 to $7,687,215 in 202406.
How does the lack of officer compensation impact the assessment?
The consistent reporting of 0% officer compensation is a strong positive indicator for efficiency and a commitment to directing funds towards the mission. It suggests that leadership may be volunteer or compensated through non-officer roles, which can free up more resources for programs.
Filing History
IRS 990 filing history for King Center Charter School showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), King Center Charter School's revenue has grown by 148.9%, moving from $2.4M to $6.0M. Total assets increased by 324.6% over the same period, from $1.8M to $7.7M. Total functional expenses rose by 235.4%, from $2.1M to $6.9M. In its most recent filing year (2024), King Center Charter School reported a deficit of $865K, with expenses exceeding revenue. The organization holds $887K in liabilities against $7.7M in assets (debt-to-asset ratio: 11.5%), resulting in net assets of $6.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $6.0M | $6.9M | $7.7M | $887K | — | View 990 |
| 2023 | $6.5M | $6.9M | $8.5M | $871K | — | View 990 |
| 2022 | $7.6M | $7.2M | $9.0M | $965K | — | View 990 |
| 2021 | $7.3M | $6.1M | $8.4M | $822K | — | View 990 |
| 2020 | $6.2M | $6.1M | $8.3M | $1.8M | — | View 990 |
| 2019 | $6.3M | $5.8M | $7.5M | $1.1M | — | View 990 |
| 2018 | $6.4M | $5.3M | $6.9M | $1.0M | — | View 990 |
| 2017 | $6.2M | $4.8M | $5.8M | $1.0M | — | View 990 |
| 2016 | $5.4M | $4.3M | $4.5M | $1.1M | — | View 990 |
| 2015 | $4.3M | $4.5M | $3.1M | $710K | — | View 990 |
| 2014 | $6.1M | $5.4M | $3.4M | $814K | — | View 990 |
| 2013 | $4.7M | $4.5M | $3.6M | $1.7M | — | View 990 |
| 2012 | $3.1M | $2.6M | $2.3M | $615K | — | View 990 |
| 2011 | $2.4M | $2.1M | $1.8M | $606K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $6.0M, expenses of $6.9M, and assets of $7.7M (revenue -7.2% year-over-year).
- 2023: Revenue of $6.5M, expenses of $6.9M, and assets of $8.5M (revenue -14.9% year-over-year).
- 2022: Revenue of $7.6M, expenses of $7.2M, and assets of $9.0M (revenue +4.9% year-over-year).
- 2021: Revenue of $7.3M, expenses of $6.1M, and assets of $8.4M (revenue +17.5% year-over-year).
- 2020: Revenue of $6.2M, expenses of $6.1M, and assets of $8.3M (revenue -1.0% year-over-year).
- 2019: Revenue of $6.3M, expenses of $5.8M, and assets of $7.5M (revenue -1.5% year-over-year).
- 2018: Revenue of $6.4M, expenses of $5.3M, and assets of $6.9M (revenue +3.0% year-over-year).
- 2017: Revenue of $6.2M, expenses of $4.8M, and assets of $5.8M (revenue +13.8% year-over-year).
- 2016: Revenue of $5.4M, expenses of $4.3M, and assets of $4.5M (revenue +26.8% year-over-year).
- 2015: Revenue of $4.3M, expenses of $4.5M, and assets of $3.1M (revenue -29.5% year-over-year).
- 2014: Revenue of $6.1M, expenses of $5.4M, and assets of $3.4M (revenue +28.5% year-over-year).
- 2013: Revenue of $4.7M, expenses of $4.5M, and assets of $3.6M (revenue +52.0% year-over-year).
- 2012: Revenue of $3.1M, expenses of $2.6M, and assets of $2.3M (revenue +28.3% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.1M, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for King Center Charter School:
Data Sources and Methodology
This transparency report for King Center Charter School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.