Kipp Texas Inc

Analysis

Kipp Texas Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kipp Texas Inc reported income of $484.5m and spending of $480.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $319.4m to $484.5m (+52%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Texas Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Brandeis University ($478.7m), Jefferson University Physicians ($486.5m) and University of Richmond ($471.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $3.5m (0.7% of expenses). Other salaries and wages came to $268.3m. At year end it held assets of $893.3m against liabilities of $726.5m, net assets of $166.8m. It reported 6,375 employees.