Kings Academy Inc
EIN: 352132842 · Jonesboro, IN
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $975K |
| Net Assets | $458K |
Is Kings Academy 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 Inc
Kings Academy Inc (EIN: 352132842) is a nonprofit organization based in Jonesboro, IN. The organization reported total revenue of $1.3M and total assets of $619K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kings Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kings Academy Inc is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $975K |
| Surplus / Deficit | +$91K |
| Total Assets | $497K |
| Total Liabilities | $39K |
| Net Assets | $458K |
| Operating Margin | 8.6% |
| Debt-to-Asset Ratio | 7.9% |
| Months of Reserves | 6.1 months |
Financial Health Grade: A
In 2023, Kings Academy Inc reported a surplus of $91K with revenue exceeding expenses, holds 6.1 months of operating reserves (strong position), has a debt-to-asset ratio of 7.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kings Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.3% | +19.8% | +35.6% |
| 2022 | +36.6% | -9.6% | +26.4% |
| 2021 | -16.4% | +9.5% | -11.3% |
| 2020 | -7.0% | -11.1% | +24.3% |
| 2019 | +0.6% | +0.2% | +11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kings Academy 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 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 surplus of $91K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.9%.
Frequently Asked Questions about Kings Academy Inc
Is Kings Academy Inc a legitimate charity?
Kings Academy Inc (EIN: 352132842) is a registered tax-exempt nonprofit based in Indiana. It has 13 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. Financial health grade: A.
How does Kings Academy Inc spend its money?
Kings Academy Inc reported $1.3M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Kings Academy Inc tax-deductible?
Kings Academy Inc is registered as a tax-exempt nonprofit (EIN: 352132842). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kings Academy Inc located?
Kings Academy Inc is headquartered in Jonesboro, Indiana and files with the IRS under EIN 352132842.
How many years of IRS 990 filings does Kings Academy Inc have?
Kings Academy Inc has 13 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for Kings Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kings Academy Inc's revenue has grown by 163.7%, moving from $404K to $1.1M. Total assets increased by 717.4% over the same period, from $61K to $497K. Total functional expenses rose by 125.1%, from $433K to $975K. In its most recent filing year (2023), Kings Academy Inc reported a surplus of $91K, with revenue exceeding expenses. The organization holds $39K in liabilities against $497K in assets (debt-to-asset ratio: 7.9%), resulting in net assets of $458K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $975K | $497K | $39K | — | View 990 |
| 2022 | $1.0M | $814K | $367K | $0 | — | View 990 |
| 2021 | $741K | $901K | $290K | $122K | — | View 990 |
| 2020 | $887K | $823K | $327K | $199 | — | View 990 |
| 2019 | $953K | $926K | $263K | $199 | — | View 990 |
| 2018 | $947K | $924K | $236K | $199 | — | View 990 |
| 2017 | $910K | $899K | $219K | $7K | — | View 990 |
| 2016 | $844K | $757K | $203K | $2K | — | View 990 |
| 2015 | $770K | $685K | $176K | $62K | — | View 990 |
| 2014 | $585K | $559K | $129K | $0 | — | View 990 |
| 2013 | $416K | $417K | $54K | $0 | — | View 990 |
| 2012 | $389K | $404K | $54K | $0 | — | — |
| 2011 | $404K | $433K | $61K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $975K, and assets of $497K (revenue +5.3% year-over-year).
- 2022: Revenue of $1.0M, expenses of $814K, and assets of $367K (revenue +36.6% year-over-year).
- 2021: Revenue of $741K, expenses of $901K, and assets of $290K (revenue -16.4% year-over-year).
- 2020: Revenue of $887K, expenses of $823K, and assets of $327K (revenue -7.0% year-over-year).
- 2019: Revenue of $953K, expenses of $926K, and assets of $263K (revenue +0.6% year-over-year).
- 2018: Revenue of $947K, expenses of $924K, and assets of $236K (revenue +4.1% year-over-year).
- 2017: Revenue of $910K, expenses of $899K, and assets of $219K (revenue +7.9% year-over-year).
- 2016: Revenue of $844K, expenses of $757K, and assets of $203K (revenue +9.6% year-over-year).
- 2015: Revenue of $770K, expenses of $685K, and assets of $176K (revenue +31.6% year-over-year).
- 2014: Revenue of $585K, expenses of $559K, and assets of $129K (revenue +40.4% year-over-year).
- 2013: Revenue of $416K, expenses of $417K, and assets of $54K (revenue +6.9% year-over-year).
- 2012: Revenue of $389K, expenses of $404K, and assets of $54K (revenue -3.7% year-over-year).
- 2011: Revenue of $404K, expenses of $433K, and assets of $61K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kings Academy Inc:
Data Sources and Methodology
This transparency report for Kings Academy 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.