THE KING'S ACADEMY INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$87,281,245
Property, Plant, & Equipment (net)
67%
Investments
20%
Cash & Equivalents
9%
Other Assets
2%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$30,358,358
Deferred Revenue
42%
Tax-Exempt Bond Liabilities
34%
Payables & Accruals
12%
Notes Payable / Debt (Non-Related)
10%
Other Liabilities
2%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$8,877,208
$8,033,851
-10%
Receivables (Non-Related)
$553,437
$499,117
-10%
Related-Party Receivables
-
-
-
Inventories
$537,563
$366,380
-32%
Prepaid Expenses
$454,395
$437,998
-4%
Investments
$14,820,980
$17,720,332
+20%
Property, Plant, & Equipment (net)
$58,880,015
$58,864,599
0%
Other Assets
$857,268
$1,358,968
+59%
Total Assets
$84,980,866
$87,281,245
+3%
Liabilities
2024
2025
Change
Payables & Accruals
$2,914,381
$3,779,746
+30%
Grants Payable
-
-
-
Deferred Revenue
$11,500,510
$12,599,398
+10%
Tax-Exempt Bond Liabilities
$11,710,942
$10,307,647
-12%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,036,392
$3,121,384
+3%
Related-Party Payables
-
-
-
Other Liabilities
$2,877,631
$550,183
-81%
Total Liabilities
$32,039,856
$30,358,358
-5%
Net assets
2024
2025
Change
Restricted Net Assets
$14,069,114
$18,586,802
+32%
Unrestricted Net Assets
$38,871,896
$38,336,085
-1%
Net assets
2024
2025
Change
Net assets
+$52,941,010
+$56,922,887
+8%
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