Kipp Charlotte Inc

Analysis

Kipp Charlotte Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2008, 18 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 Charlotte Inc reported income of $13.1m and spending of $12.3m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.4m to $13.1m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 120%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Charlotte Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include California Family Foundation ($13.1m), Pineywoods Community Academy ($13.1m) and Campus Auxiliary Services Inc ($13.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $174k (1.4% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $18.9m against liabilities of $14.1m, net assets of $4.8m. It reported 165 employees.