Kipp Socal Public Schools

Analysis

Kipp Socal Public Schools is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2009, 17 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 Socal Public Schools reported income of $213.6m and spending of $195.2m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $109.8m to $213.6m (+95%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 37%. 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 Socal Public Schools sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Kipp DC Public Charter Schools ($212.6m), Rollins College ($213.7m) and San Diego State University Foundation ($212.4m).

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 $685k (0.4% of expenses). Other salaries and wages came to $86.7m. At year end it held assets of $427.2m against liabilities of $286.5m, net assets of $140.7m. It reported 1,784 employees.