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Florida · Nonprofit

THE KING'S ACADEMY INC

THE KING'S ACADEMY INC (Florida) receives grants from 48 organizations whose IRS filings report $15,098,321 to it, the largest being THE FRANK DIMINO FOUNDATION INC ($5,924,000). 28 of them have funded it in more than one year.

Revenue FY2025
$56M
Funders on record
48
Grants received
$15M
Net assets
$57M
28/48 repeat funderspeak grant-dependency 11%
01What it does

What The King's Academy Inc does

Mission

The king's academy exists to assist the home and church in their endeavor to "train up a child in the way he should go" (proverbs 22:6). Its mission is to share salvation through jesus christ and to graduate christian leaders who seek to impact their world for the king of kings through academic excellence and spiritual vitality.

As stated on its FY2025 Form 990.

Program

  1. Comprehensive in-person and online or full-time and part-time education program - preschool through grade twelve, serving approximately 1,955 students.

    $47,277,003 spentof which $11,325,475 as grants$51,816,027 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $47,277,003.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($27M) Expenses 100 ($25M) Net assets 100 ($24M)2018 Revenue 105 ($28M) Expenses 109 ($27M) Net assets 107 ($25M)2019 Revenue 117 ($31M) Expenses 113 ($28M) Net assets 123 ($29M)2020 Revenue 136 ($37M) Expenses 128 ($32M) Net assets 137 ($32M)2021 Revenue 133 ($36M) Expenses 124 ($31M) Net assets 165 ($39M)2022 Revenue 153 ($41M) Expenses 141 ($35M) Net assets 179 ($42M)2023 Revenue 170 ($46M) Expenses 169 ($42M) Net assets 203 ($48M)2024 Revenue 186 ($50M) Expenses 188 ($46M) Net assets 224 ($53M)2025 Revenue 209 ($56M) Expenses 214 ($53M) Net assets 241 ($57M)
'17'18'19'20'21'22'23'24'25
Revenue (209)Expenses (214)Net assets (241)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $78M to $85M (+9%).

$50M
$52M
$55M
$60M
$67M
$72M
$78M
$85M
$87M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 5% · 2024 3%. Grants only. Government contracts and fees sit inside program revenue.

5% of THE KING'S ACADEMY INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (23% for the typical peer).

This organization
Typical peer · 4,254 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.

$2.1M
’17
$1.3M
’18
$3.5M
’19
$4.8M
’20
$5.0M
’21
$6.3M
’22
$3.9M
’23
$3.5M
’24
$3.3M
’25
1.8
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Steve Rasmussen

Chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed121211111214151614
Joined·+1+0+0+3+5+2+1+1
No longer listed·11023103
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 8 funders to 15 funders, grant income rose $129k → $3.5M.

13 of 48 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 8% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of THE KING'S ACADEMY INC’s funders (the co-funder graph). Top 30 of 48 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THE KING'S ACADEMY INC leans on a few funders — its largest provides 39% of grant income and the top three 79%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

39%
largest funder
79%
top three
~4
effective funders

Largest funder’s share by year: 2017 39% · 2018 25% · 2019 58% · 2020 39% · 2021 44% · 2022 42% · 2023 61% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

38% of THE KING'S ACADEMY INC's funders are still giving 3 years after their first grant; 58% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

85% of THE KING'S ACADEMY INC's grant income comes from Florida funders.

IL
NY
MA
OH
NJ
UT
MO
WV
DE
NC
OK
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Florida out of state home

Funder states come from each funder’s own filing. $1.2M arriving through sponsors registered in 11 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

THE KING'S ACADEMY INC runs a healthier operating margin than half of the 3,794 education nonprofits its size.

Operating margin6% · above the median
Months of reserve1.8mo · below the median
Revenue growth (annualized)10% · above the median

this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025

Organizations like THE KING'S ACADEMY INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Florida

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

89% of spending goes to programs.

Program 89%Management 9%Fundraising 1%

Governance

6
board members
83%
independent
✓Conflict-of-interest policy✓Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Part of a family of 6 related entities

  • The King's Academy Preschool LLC · disregarded
  • 1949 Sansbury Way LLC · disregarded
  • 5526 Old Bridge Road LLC · disregarded
  • 1631 Rock Terrace LLC · disregarded
  • 9226 Nugent Trail LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for THE KING'S ACADEMY INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE KING'S ACADEMY INC?
THE KING'S ACADEMY INC (Florida) receives grants from 48 organizations whose IRS filings report $15,098,321 to it, the largest being THE FRANK DIMINO FOUNDATION INC ($5,924,000). 28 of them have funded it in more than one year.
How many funders does THE KING'S ACADEMY INC have?
IRS filings report 48 organizations giving $15,098,321 in grants to THE KING'S ACADEMY INC, 28 of which have funded it in more than one year.
Who is the largest funder of THE KING'S ACADEMY INC?
THE FRANK DIMINO FOUNDATION INC is the largest funder on record, with $5,924,000 in grants. The full list of funders is on this page.
How can an organization like THE KING'S ACADEMY INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds King's Academy →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 48 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing