Kipp Indianapolis Inc

Analysis

Kipp Indianapolis Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 2003, 23 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 2024, Kipp Indianapolis Inc reported income of $28.3m and spending of $26.5m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $10.0m to $28.3m (+184%), an average of +23% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Indianapolis 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 IN. Charities of a similar size with the same main cause include Savannah Country Day School Inc ($28.3m), California State University San Marcos Corporation ($28.3m) and National Science Teaching Association ($28.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $207k (0.8% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $21.2m against liabilities of $13.6m, net assets of $7.6m. It reported 238 employees.