Kipp Philadelphia Charter School

Analysis

Kipp Philadelphia Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 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 Philadelphia Charter School reported income of $20.4m and spending of $22.6m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.0m to $20.4m (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Philadelphia Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Williamsburg Charter School ($20.4m), Wave Services Inc ($20.4m) and Maine Dartmouth Medicine Residency ($20.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $327k (1.4% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $48.7m against liabilities of $48.0m, net assets of $737k. It reported 144 employees.