Kipp Chicago Schools

Analysis

Kipp Chicago Schools is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2004, 22 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 Chicago Schools reported income of $48.9m and spending of $48.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.1m to $48.9m (+68%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Chicago Schools sits at the 98th 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 98th percentile within IL. Charities of a similar size with the same main cause include June Shelton School and Evaluation Center ($48.9m), Arizona Leadership Foundation Inc ($49.0m) and Lead Public Schools Inc ($48.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $473k (1.0% of expenses). Other salaries and wages came to $29.8m. At year end it held assets of $9.4m against liabilities of $2.8m, net assets of $6.6m. It reported 543 employees.