The Kings University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 12,493,410 | 9,713,692 | 2,779,718 | 13.4 | 0% |
| 2021 | 12,314,584 | 10,610,609 | 1,703,975 | 15.7 | 0% |
| 2022 | 11,647,634 | 11,601,781 | 45,853 | 13.1 | 52% |
| 2023 | 11,776,123 | 11,290,810 | 485,313 | 15.2 | 43% |
In its most recent public year (2023), this organization brought in $485,313 more than it spent. Its reserves stood at about 15.2 months of spending, up from 13.4 in 2020. Staff pay was 43% of spending. $6,527,567 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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