Kings Academy Childhood Enrichment Center Inc
EIN: 850601530 · Axton, VA · NTEE: P33
| Metric | Value |
|---|---|
| Total Revenue | $414K |
| Total Expenses | $450K |
| Net Assets | $200K |
Is Kings Academy Childhood Enrichment Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kings Academy Childhood Enrichment Center Inc
Kings Academy Childhood Enrichment Center Inc (EIN: 850601530) is a nonprofit organization based in Axton, VA, classified under NTEE code P33. The organization reported total revenue of $414K and total assets of $200K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kings Academy Childhood Enrichment Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kings Academy Childhood Enrichment Center Inc is a small nonprofit that has been operating for 5 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $405K |
| Total Expenses | $450K |
| Surplus / Deficit | $-44,809 |
| Total Assets | $202K |
| Total Liabilities | $3K |
| Net Assets | $200K |
| Operating Margin | -11.1% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 5.4 months |
Financial Health Grade: B
In 2023, Kings Academy Childhood Enrichment Center Inc reported a deficit of $45K with expenses exceeding revenue, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Kings Academy Childhood Enrichment Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.2% | -9.3% | -19.6% |
| 2022 | +25.8% | +8.5% | +146.1% |
| 2021 | +70.7% | +183.4% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kings Academy Childhood Enrichment Center Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kings Academy Childhood Enrichment Center Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.3%.
Frequently Asked Questions about Kings Academy Childhood Enrichment Center Inc
Is Kings Academy Childhood Enrichment Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kings Academy Childhood Enrichment Center Inc (EIN: 850601530) insufficient data. 0 red flags identified, 0 strengths noted.
How does Kings Academy Childhood Enrichment Center Inc spend its money?
Detailed spending breakdown data is not yet available for Kings Academy Childhood Enrichment Center Inc. Check back for updated IRS 990 analysis.
Are donations to Kings Academy Childhood Enrichment Center Inc tax-deductible?
Kings Academy Childhood Enrichment Center Inc is registered as a tax-exempt nonprofit (EIN: 850601530). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kings Academy Childhood Enrichment Center Inc located?
Kings Academy Childhood Enrichment Center Inc is headquartered in Axton, Virginia and files with the IRS under EIN 850601530. It is classified under NTEE code P33.
How many years of IRS 990 filings does Kings Academy Childhood Enrichment Center Inc have?
Kings Academy Childhood Enrichment Center Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $414K in total revenue.
Filing History
IRS 990 filing history for Kings Academy Childhood Enrichment Center Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Kings Academy Childhood Enrichment Center Inc's revenue has grown by 52.2%, moving from $266K to $405K. Total assets increased by 93.1% over the same period, from $105K to $202K. Total functional expenses rose by 178.9%, from $161K to $450K. In its most recent filing year (2023), Kings Academy Childhood Enrichment Center Inc reported a deficit of $45K, with expenses exceeding revenue. The organization holds $3K in liabilities against $202K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $200K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $405K | $450K | $202K | $3K | — | View 990 |
| 2022 | $571K | $496K | $252K | $7K | — | View 990 |
| 2021 | $454K | $457K | $102K | $100 | — | View 990 |
| 2020 | $266K | $161K | $105K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $405K, expenses of $450K, and assets of $202K (revenue -29.2% year-over-year).
- 2022: Revenue of $571K, expenses of $496K, and assets of $252K (revenue +25.8% year-over-year).
- 2021: Revenue of $454K, expenses of $457K, and assets of $102K (revenue +70.7% year-over-year).
- 2020: Revenue of $266K, expenses of $161K, and assets of $105K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kings Academy Childhood Enrichment Center Inc:
Data Sources and Methodology
This transparency report for Kings Academy Childhood Enrichment Center Inc 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.