The Kings Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 709,752 | 689,127 | 20,625 | 1.1 | 72% |
| 2020 | 541,189 | 526,810 | 14,379 | 1.7 | 75% |
| 2021 | 695,932 | 549,553 | 146,379 | 3.2 | 54% |
| 2022 | 631,621 | 661,021 | −29,400 | 2.1 | 64% |
| 2023 | 1,205,120 | 943,308 | 261,812 | 5.6 | 57% |
| 2024 | 646,902 | 726,716 | −79,814 | 6.3 | 67% |
In its most recent public year (2024), this organization spent $79,814 more than it brought in. Its reserves stood at about 6.3 months of spending, up from 1.1 in 2019. Staff pay was 67% of spending.
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 2024. 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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