Kings Majestic Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 833,061 | 766,085 | 66,976 | 3.5 | 38% |
| 2012 | 469,960 | 641,675 | −171,715 | 1.0 | 48% |
| 2013 | 601,395 | 683,585 | −82,190 | -0.5 | 35% |
| 2014 | 736,015 | 637,686 | 98,329 | 1.3 | 31% |
| 2015 | 519,888 | 596,530 | −76,642 | -2.5 | 32% |
| 2016 | 519,417 | 364,361 | 155,056 | 1.3 | 38% |
| 2017 | 577,143 | 593,038 | −15,895 | 0.4 | 24% |
| 2018 | 471,904 | 486,481 | −14,577 | 0.1 | 21% |
| 2019 | 996,938 | 631,965 | 364,973 | 7.0 | 2% |
| 2020 | 731,181 | 678,204 | 52,977 | 7.5 | 33% |
| 2021 | 930,325 | 915,994 | 14,331 | 5.7 | 31% |
| 2022 | 1,307,983 | 1,018,556 | 289,427 | 8.4 | 29% |
| 2023 | 714,910 | 1,260,201 | −545,291 | 1.6 | 27% |
In its most recent public year (2023), this organization spent $545,291 more than it brought in. Its reserves stood at about 1.6 months of spending, down from 3.5 in 2011. Staff pay was 27% of spending. $119,750 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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