Kipp Nashville

Analysis

Kipp Nashville is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 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 Nashville reported income of $64.3m and spending of $55.3m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.3m to $64.3m (+127%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Nashville sits at the 99th 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 99th percentile within TN. Charities of a similar size with the same main cause include Chesnut Hill College of the Sisters of St Joseph ($64.2m), Cabrini University ($64.3m) and University of South Carolina Educational Foundation ($64.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $750k (1.4% of expenses). At year end it held assets of $167.9m against liabilities of $111.2m, net assets of $56.7m. It reported 601 employees.