Kipp Tech Valley Charter School

Analysis

Kipp Tech Valley Charter School is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in July 2006, 20 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 Tech Valley Charter School reported income of $47.2m and spending of $46.6m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $13.4m to $47.2m (+253%), an average of +52% a year. The sharpest change came in the year to June 2021, when income rose by 103%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Tech Valley Charter School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Southwest Baptist University ($47.1m), Eden II School for Autistic Childern Inc ($47.2m) and Trustees of Thayer Academy ($47.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $604k (1.3% of expenses). Other salaries and wages came to $24.2m. At year end it held assets of $57.8m against liabilities of $33.7m, net assets of $24.1m. It reported 471 employees.