Kipp New Orleans Inc

Analysis

Kipp New Orleans Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 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 New Orleans Inc reported income of $117.4m and spending of $108.7m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $64.5m to $117.4m (+82%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp New Orleans Inc 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 99th percentile within LA. Charities of a similar size with the same main cause include Gateway Community Charters ($117.1m), Chatham University ($117.4m) and Assumption University ($116.9m).

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 $536k (0.5% of expenses). Other salaries and wages came to $54.2m. At year end it held assets of $49.0m against liabilities of $10.2m, net assets of $38.8m. It reported 1,514 employees.