Kingsway Learning Center
Kingsway Learning Center: Strong Program Spending, but Transparency Lacking on Executive Compensation
EIN: 222126371 · Moorestown, NJ · NTEE: B28Z · Updated: 2026-04-04
About Kingsway Learning Center
Kingsway Learning Center (EIN: 222126371) is a nonprofit organization based in Moorestown, NJ, classified under NTEE code B28Z. The organization reported total revenue of $18.8M and total assets of $14.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kingsway Learning Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kingsway Learning Center 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Kingsway Learning Center allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Without specific compensation figures for key executives, it is challenging to assess the reasonableness of executive compensation; however, the overall administrative expenses are low, suggesting efficient management.
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 Kingsway Learning Center's IRS 990 filings:
- Lack of specific executive compensation details in the provided data makes it difficult to fully assess financial stewardship.
Strengths
The following positive indicators were identified for Kingsway Learning Center:
- Consistently high percentage of expenses dedicated to programs (around 90% based on available data).
- Healthy revenue growth over the past several years, from $10,016,911 in 2016 to $18,759,575 in 2023.
- Positive net assets, growing from $5,475,109 in 2016 to $14,727,092 in 2023, indicating financial stability.
Frequently Asked Questions about Kingsway Learning Center
What does Kingsway Learning Center do?
Kingsway Learning Center is a nonprofit organization in the Education sector, located in Moorestown, New Jersey. It is classified under NTEE code B28Z.
How much revenue does Kingsway Learning Center have?
Kingsway Learning Center reported total revenue of $18,759,575. Based on 13 IRS 990 filings on record.
What are Kingsway Learning Center's total assets?
Kingsway Learning Center holds total assets of $14,727,092 as reported in IRS 990 filings.
Where is Kingsway Learning Center located?
Kingsway Learning Center is based in Moorestown, New Jersey.
What is Kingsway Learning Center's EIN?
Kingsway Learning Center's Employer Identification Number (EIN) is 222126371. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Kingsway Learning Center?
Kingsway Learning Center is classified under NTEE code B28Z (Education).
Is Kingsway Learning Center a registered 501(c)(3)?
Yes, Kingsway Learning Center is recognized as a tax-exempt organization by the IRS. EIN: 222126371.
Does Kingsway Learning Center file IRS Form 990?
Yes, Kingsway Learning Center has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Kingsway Learning Center's revenue in 2023?
In the 202306 filing period, Kingsway Learning Center reported total revenue of $18,511,172, total expenses of $18,473,224, and net assets of $14,655,188.
Is Kingsway Learning Center's revenue growing or declining?
Kingsway Learning Center's revenue is relatively stable. Revenue went from $18,181,631 (202206) to $18,511,172 (202306), a +1.8% change. Based on 13 filings on record.
What is Kingsway Learning Center's most recent 990 filing?
The most recent IRS Form 990 filing for Kingsway Learning Center covers tax period 202306. It shows revenue of $18,511,172, expenses of $18,473,224, total assets of $14,655,188, and liabilities of $12,368,440.
How much does Kingsway Learning Center spend on programs vs administration?
Based on IRS 990 analysis, Kingsway Learning Center allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Kingsway Learning Center a trustworthy charity?
Based on AI analysis of IRS 990 data, Kingsway Learning Center appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 3 strengths noted.
What are the red flags for Kingsway Learning Center?
The following concerns were identified: Lack of specific executive compensation details in the provided data makes it difficult to fully assess financial stewardship.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Kingsway Learning Center's strengths?
Positive indicators for Kingsway Learning Center include: Consistently high percentage of expenses dedicated to programs (around 90% based on available data).. Healthy revenue growth over the past several years, from $10,016,911 in 2016 to $18,759,575 in 2023.. Positive net assets, growing from $5,475,109 in 2016 to $14,727,092 in 2023, indicating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Kingsway Learning Center compensate executives?
Without specific compensation figures for key executives, it is challenging to assess the reasonableness of executive compensation; however, the overall administrative expenses are low, suggesting efficient management. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Kingsway Learning Center managed to maintain such a high program spending percentage while experiencing significant revenue growth?
Kingsway Learning Center has consistently allocated a large portion of its budget to programs, with expenses like $18,473,224 out of $18,511,172 total expenses in 2023, indicating a strong commitment to its mission even as its revenue base expanded.
What factors contributed to the substantial increase in net assets from $5,041,618 in 2022 to $14,727,092 in 2023?
The significant increase in net assets between 2022 and 2023 is primarily due to a substantial increase in total assets from $5,041,618 to $14,655,188, while liabilities remained relatively stable, suggesting successful fundraising or investment activities that bolstered the organization's financial reserves.
Filing History
IRS 990 filing history for Kingsway Learning Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kingsway Learning Center's revenue has grown by 93.6%, moving from $9.6M to $18.5M. Total assets increased by 75.7% over the same period, from $8.3M to $14.7M. Total functional expenses rose by 96.1%, from $9.4M to $18.5M. In its most recent filing year (2023), Kingsway Learning Center reported a surplus of $38K, with revenue exceeding expenses. The organization holds $12.4M in liabilities against $14.7M in assets (debt-to-asset ratio: 84.4%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $18.5M | $18.5M | $14.7M | $12.4M | — | View 990 |
| 2022 | $18.2M | $18.1M | $5.0M | $2.8M | — | View 990 |
| 2021 | $17.0M | $17.2M | $4.6M | $2.5M | — | View 990 |
| 2020 | $17.6M | $17.7M | $4.7M | $2.3M | — | View 990 |
| 2019 | $15.0M | $14.8M | $5.0M | $2.6M | — | View 990 |
| 2018 | $12.7M | $12.7M | $4.8M | $2.6M | — | View 990 |
| 2017 | $12.0M | $11.8M | $5.3M | $3.1M | — | View 990 |
| 2016 | $10.0M | $9.9M | $5.5M | $3.5M | — | View 990 |
| 2015 | $9.4M | $9.4M | $5.7M | $3.7M | — | View 990 |
| 2014 | $9.4M | $9.4M | $6.3M | $4.2M | — | View 990 |
| 2013 | $9.3M | $9.2M | $7.2M | $5.1M | — | View 990 |
| 2012 | $9.2M | $9.1M | $8.6M | $6.6M | — | View 990 |
| 2011 | $9.6M | $9.4M | $8.3M | $6.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.5M, expenses of $18.5M, and assets of $14.7M (revenue +1.8% year-over-year).
- 2022: Revenue of $18.2M, expenses of $18.1M, and assets of $5.0M (revenue +6.7% year-over-year).
- 2021: Revenue of $17.0M, expenses of $17.2M, and assets of $4.6M (revenue -3.4% year-over-year).
- 2020: Revenue of $17.6M, expenses of $17.7M, and assets of $4.7M (revenue +17.3% year-over-year).
- 2019: Revenue of $15.0M, expenses of $14.8M, and assets of $5.0M (revenue +18.0% year-over-year).
- 2018: Revenue of $12.7M, expenses of $12.7M, and assets of $4.8M (revenue +5.9% year-over-year).
- 2017: Revenue of $12.0M, expenses of $11.8M, and assets of $5.3M (revenue +20.0% year-over-year).
- 2016: Revenue of $10.0M, expenses of $9.9M, and assets of $5.5M (revenue +6.0% year-over-year).
- 2015: Revenue of $9.4M, expenses of $9.4M, and assets of $5.7M (revenue +0.8% year-over-year).
- 2014: Revenue of $9.4M, expenses of $9.4M, and assets of $6.3M (revenue +0.8% year-over-year).
- 2013: Revenue of $9.3M, expenses of $9.2M, and assets of $7.2M (revenue +1.4% year-over-year).
- 2012: Revenue of $9.2M, expenses of $9.1M, and assets of $8.6M (revenue -4.1% year-over-year).
- 2011: Revenue of $9.6M, expenses of $9.4M, and assets of $8.3M.
Data Sources and Methodology
This transparency report for Kingsway Learning Center 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.