Kipp Academy Charter School

Analysis

Kipp Academy Charter School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2001, 25 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 Academy Charter School reported income of $25.0m and spending of $24.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.9m to $25.0m (+4.3%), an average of +1.1% a year. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Academy Charter School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include St Coletta of Wisconsin Inc ($25.0m), Mast Community Charter School III ($25.0m) and Arizona Autism Charter Schools Inc ($25.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $403k (1.6% of expenses). Other salaries and wages came to $12.6m. At year end it held assets of $2.9m against liabilities of $5.7m, net assets of -$2.8m. It reported 94 employees.