Kipp Jacksonville Inc

Analysis

Kipp Jacksonville Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in May 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 Jacksonville Inc reported income of $33.8m and spending of $34.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.8m to $33.8m (+114%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Jacksonville Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Leaguers Inc ($33.8m), Bethany Lutheran College & Seminary Inc ($33.9m) and New Canaan Country School Inc ($33.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Other salaries and wages came to $15.6m. At year end it held assets of $11.8m against liabilities of $5.6m, net assets of $6.2m. It reported 412 employees.