The Kings Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 23,101,314 | 22,480,530 | 620,784 | 4.7 | 45% |
| 2021 | 24,460,858 | 20,893,990 | 3,566,868 | 7.5 | 46% |
| 2022 | 25,841,154 | 23,901,093 | 1,940,061 | 6.7 | 45% |
| 2023 | 26,148,757 | 25,986,262 | 162,495 | 6.2 | 43% |
In its most recent public year (2023), this organization brought in $162,495 more than it spent. Its reserves stood at about 6.2 months of spending, up from 4.7 in 2020. Staff pay was 43% of spending. $2,264,670 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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