Kingdom Education For Young Scholars
Kingdom Education For Young Scholars shows consistent growth and zero reported officer compensation over a decade.
EIN: 201372613 · Chesapeake, VA · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $637K |
| Total Expenses | $543K |
| Program Spending | 85% |
| Net Assets | $120K |
| Transparency Score | 85/100 |
Is Kingdom Education For Young Scholars Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kingdom Education For Young Scholars directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kingdom Education For Young Scholars
Kingdom Education For Young Scholars (EIN: 201372613) is a nonprofit organization based in Chesapeake, VA, classified under NTEE code X21. The organization reported total revenue of $637K and total assets of $244K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kingdom Education For Young Scholars's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kingdom Education For Young Scholars is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $591K |
| Total Expenses | $543K |
| Surplus / Deficit | +$48K |
| Total Assets | $227K |
| Total Liabilities | $107K |
| Net Assets | $120K |
| Operating Margin | 8.1% |
| Debt-to-Asset Ratio | 46.9% |
| Months of Reserves | 5.0 months |
Financial Health Grade: A
In 2024, Kingdom Education For Young Scholars reported a surplus of $48K with revenue exceeding expenses, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 46.9% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Kingdom Education For Young Scholars's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +25.3% | +16.7% | +35.1% |
| 2023 | +1.6% | +4.8% | +23.2% |
| 2022 | +18.3% | +14.4% | +21.7% |
| 2021 | -23.0% | -20.9% | -0.7% |
| 2020 | +2.9% | +2.4% | +29.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2005 |
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 Kingdom Education For Young Scholars 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Kingdom Education For Young Scholars allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $48K, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization with revenues consistently in the hundreds of thousands. This suggests either a volunteer-led executive team or compensation structured in a way 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 Kingdom Education For Young Scholars's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in summary data
- Consistent 0% officer compensation, which could mask compensation methods or raise questions about long-term leadership sustainability
Strengths
The following positive indicators were identified for Kingdom Education For Young Scholars:
- Consistent revenue growth over the past decade, from $419,288 in 2015 to $591,109 in 2024.
- Healthy asset growth, increasing from $49,015 in 2015 to $227,032 in 2024.
- Positive net assets (assets significantly exceed liabilities) in all reported periods.
- Operational surpluses in most recent years, indicating financial stability.
- No reported officer compensation, potentially maximizing funds for direct mission activities.
Frequently Asked Questions about Kingdom Education For Young Scholars
Is Kingdom Education For Young Scholars a legitimate charity?
Based on AI analysis of IRS 990 filings, Kingdom Education For Young Scholars (EIN: 201372613) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Kingdom Education For Young Scholars spend its money?
Kingdom Education For Young Scholars directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kingdom Education For Young Scholars tax-deductible?
Kingdom Education For Young Scholars is registered as a tax-exempt nonprofit (EIN: 201372613). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kingdom Education For Young Scholars's spending goes to programs?
Kingdom Education For Young Scholars directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kingdom Education For Young Scholars compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Kingdom Education For Young Scholars is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kingdom Education For Young Scholars located?
Kingdom Education For Young Scholars is headquartered in Chesapeake, Virginia and files with the IRS under EIN 201372613. It is classified under NTEE code X21.
How many years of IRS 990 filings does Kingdom Education For Young Scholars have?
Kingdom Education For Young Scholars 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 $637K in total revenue.
How does Kingdom Education For Young Scholars manage to operate without reported officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean that the executive leadership is entirely volunteer-based, or that compensation is provided through other mechanisms not classified as officer compensation on the form, such as through a related entity or as general staff salaries.
What is the detailed breakdown of program, administrative, and fundraising expenses?
While the filings provide total expenses, a granular breakdown into program, administrative, and fundraising categories is not explicitly provided in the summary data. A deeper dive into the full 990 forms would be necessary to ascertain these specific percentages and evaluate spending efficiency more precisely.
What is the primary source of Kingdom Education For Young Scholars' revenue?
The provided data only shows total revenue figures. To understand the primary sources (e.g., contributions, program service revenue, investment income), one would need to consult the detailed revenue sections of the full IRS 990 filings.
How does the organization's asset growth compare to its liabilities?
The organization's assets have grown significantly from $49,015 in 2015 to $227,032 in 2024, while liabilities have also increased but at a slower rate, from $28,265 to $106,576 over the same period. Assets consistently exceed liabilities, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Kingdom Education For Young Scholars showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Kingdom Education For Young Scholars's revenue has grown by 218.3%, moving from $186K to $591K. Total assets increased by 296.6% over the same period, from $57K to $227K. Total functional expenses rose by 196.2%, from $183K to $543K. In its most recent filing year (2024), Kingdom Education For Young Scholars reported a surplus of $48K, with revenue exceeding expenses. The organization holds $107K in liabilities against $227K in assets (debt-to-asset ratio: 46.9%), resulting in net assets of $120K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $591K | $543K | $227K | $107K | — | — |
| 2023 | $472K | $466K | $168K | $95K | — | View 990 |
| 2022 | $465K | $444K | $136K | $70K | — | View 990 |
| 2021 | $393K | $389K | $112K | $66K | — | View 990 |
| 2020 | $510K | $491K | $113K | $71K | — | View 990 |
| 2019 | $496K | $480K | $87K | $64K | — | View 990 |
| 2018 | $507K | $543K | $88K | $80K | — | View 990 |
| 2017 | $546K | $526K | $94K | $51K | — | View 990 |
| 2016 | $498K | $496K | $75K | $53K | — | View 990 |
| 2015 | $419K | $435K | $49K | $28K | — | View 990 |
| 2014 | $417K | $434K | $86K | $49K | — | View 990 |
| 2013 | $383K | $390K | $87K | $35K | — | View 990 |
| 2012 | $294K | $291K | $60K | $1K | — | View 990 |
| 2011 | $186K | $183K | $57K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $591K, expenses of $543K, and assets of $227K (revenue +25.3% year-over-year).
- 2023: Revenue of $472K, expenses of $466K, and assets of $168K (revenue +1.6% year-over-year).
- 2022: Revenue of $465K, expenses of $444K, and assets of $136K (revenue +18.3% year-over-year).
- 2021: Revenue of $393K, expenses of $389K, and assets of $112K (revenue -23.0% year-over-year).
- 2020: Revenue of $510K, expenses of $491K, and assets of $113K (revenue +2.9% year-over-year).
- 2019: Revenue of $496K, expenses of $480K, and assets of $87K (revenue -2.3% year-over-year).
- 2018: Revenue of $507K, expenses of $543K, and assets of $88K (revenue -7.0% year-over-year).
- 2017: Revenue of $546K, expenses of $526K, and assets of $94K (revenue +9.6% year-over-year).
- 2016: Revenue of $498K, expenses of $496K, and assets of $75K (revenue +18.8% year-over-year).
- 2015: Revenue of $419K, expenses of $435K, and assets of $49K (revenue +0.6% year-over-year).
- 2014: Revenue of $417K, expenses of $434K, and assets of $86K (revenue +8.9% year-over-year).
- 2013: Revenue of $383K, expenses of $390K, and assets of $87K (revenue +30.2% year-over-year).
- 2012: Revenue of $294K, expenses of $291K, and assets of $60K (revenue +58.4% year-over-year).
- 2011: Revenue of $186K, expenses of $183K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kingdom Education For Young Scholars:
Data Sources and Methodology
This transparency report for Kingdom Education For Young Scholars 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.