King's Academy EIN 26-0087299 Form 990 (PDF) Claim this org

King's Academy

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Provides Christ-centered education and specialized services for students with learning differences. For fiscal year 2024 it reported $505K in revenue, $650K in expenses, and $3.9M in net assets.Pt I

Founded
2004
Type
Public charity (501(c)(3)) · Education
Location
Missouri City, TX
Website
mykingsacademy.com
Filings
3 on file (2022–2024)
Revenue
$505KFY2024
Expenses
$650K
Net assets
$3.9M
People
10
Filings
3
Updates
0
More identity details & actions ⌄
EIN  26-0087299 Public charity (501(c)(3)) Missouri City, TX Founded 2004
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides Christ-centered education and specialized services for students with learning differences.
Leadership
Wendy Lewis · Head of Scho · $100K
Money in and out
$505K revenue, $650K expenses
Bottom line
85% program efficiency
Where the money goes · FY2024
Total revenue
$505K
Pt VIII · Ln 12
Total expenses
$650K
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$146K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.13 Fundraising $0.02
Program efficiency
85%
of spending reaches programs▲ +10% vs prior filing year
Operating runway
0.6mo
months of highly liquid reserves at operating expense rate▼ -89% vs prior filing year
Surplus margin
-29%
revenue over expenses, this year▲ +84% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$505K
FY2024▲ +82%
Expenses
$650K
FY2024▼ -16%
Total assets
$3.9M
FY2024▼ -9%
Total liabilities
$3K
FY2024▼ -95%
Total revenue
$505K
Pt VIII · Ln 12
Total expenses
$650K
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$146K
Total assetsPt X · Ln 16$3.9M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKing's Academy
EINHdr · item D26-0087299
Principal addressHdr · item CMissouri City, TX
WebsiteHdr · item Jmykingsacademy.com
Year of formationHdr · item L2004
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20)
Ruling yearIRS BMFJun 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Head of Scho
$100,000Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022
Wendy Lewis$100,000$101,725$91,958
Wendy Lewis$99,146
Jack Oconnor$7,033

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $551K of program spending, described in the organization's own filed words · FY2024.
01

At kings academy, we believe every child is created with purpose, gifted by god, and deserving of a nurturing environment where faith and learning grow together. For over 40 years, our mission has been to partner with families to cultivate academic excellence, strong character, and a lifelong love for christ.

$551Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$460K · 91%
Contributions & grants$41K · 8%
Program service revenue91%$460K
Contributions & grants8%$41K
Investment income$2K
Other revenue$2K
— government grantsLn 1e$12K
Total revenueLn 12$505K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.13 Fundraising $0.02
Program services85%$551K
Management & general13%$84K
Fundraising2%$16K
Total functional expensesLn 25$650K

Balance Sheet

Part X · end of year
CashLn 1$32K
Total assetsLn 16$3.9M
Total liabilitiesLn 26$3K
Total net assetsLn 32$3.9M
Months of cash on handcomputed0.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $32K · Operating expenses/yr $650K
0.6 months
Where the money goes
Program services
Program services $551K · Total expenses $650K
85%
Management & General
Management & general $84K · Total expenses $650K
13%
Fundraising
Fundraising $16K · Total expenses $650K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $21K · Solicited contributions (3-yr avg) $58K
$0.36 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $41K · Total revenue $505K
8%
Government reliance
Government grants $12K · Total revenue $505K
2%
Earned-income share
Program service revenue $460K · Total revenue $505K
91%
Investment reliance
Investment income $2K · Total revenue $505K
+0.4%
Program self-sufficiency
Program service revenue $460K · Total expenses $650K
71%
Growth & trend
Revenue growth (YoY)
This year $505K · Prior year $277K
+82%
Net-asset trend (YoY)
End of year $3.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $505K · Expenses $650K
-29%
Liabilities-to-Assets
Total liabilities — · Total assets $3.9M
Net-asset ratio
Net assets $3.9M · Total assets $3.9M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Wendy Lewis · Reported title HEAD OF SCHO · Highest reported compensation $100K · Total expenses $650K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $367K · Total expenses $650K
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 13%
Fundraising cost ratio 38%
Revenue growth 82%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$21K
Grants paid · 3 grants · $103K · 2021–2022
Unitemized GrantFY2022$47,950
Unitemized GrantFY2021$51,103
Unitemized GrantFY2021$4,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$277K revenue · ⤓ 990 PDF
FY2023$360K revenue · ⤓ 990 PDF
FY2022$1.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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