King's ran into financial difficulties in the early 1990s and closed in 1994. In 1998, J. Stanley Oakes, in coordination with Dr. Bill Bright and Campus Crusade for Christ International, led the effort to re-capitalize the school. Radandt continued as President. In 1999, The Kings College acquired Northeastern Bible College, of Essex Falls, New Jersey. That year, the revived King's leased 34,000 square feet on two floors of the Empire State Building in Manhattan.
On January 1, 2003, the Board of Trustees of The Kings College selected J. Stanley Oakes, a graduate in Classical Greek from the University of Minnesota and in Political Theory from the University of Dallas, to be the Colleges fourth president.
In 2007, Andrew Mills became the Interim President, and after a nationwide search, Dinesh DSouza was named President of The Kings College in August 2010. DSouza was a Dartmouth graduate, a former White House policy analyst, a fellow at the Hoover Institute at Stanford, and a widely-known writer on politics and religion.
In 2012, the College relocated to 56 Broadway in the Financial District of Lower Manhattan. With the resignation of Dinesh DSouza later that year, Andrew Mills again served as Interim President. On October 18, 2012, the Board of Trustees of The King's College took steps to appoint a Search Committee for a new president. Mr. John Spier, a 1972 alumnus and a trustee of the College since 2007, was appointed Chairman of the committee. He joins eleven other members representing every constituency of the College in thoughtfully considering and reviewing candidates.