Kipp St Louis

Analysis

Kipp St Louis is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in August 2010, 16 years ago. 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 St Louis reported income of $58.9m and spending of $47.3m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.6m to $58.9m (+86%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kipp St Louis sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MO. Charities of a similar size with the same main cause include Vna Health Care ($58.8m), Tampa Bay Performing Arts Center ($58.9m) and University of Maryland Physicians Pa ($58.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $1.1m (2.2% of expenses). Other salaries and wages came to $19.0m. At year end it held assets of $60.6m against liabilities of $20.4m, net assets of $40.3m. It reported 517 employees.