Friends of Kipp New Orleans Inc

Analysis

Friends of Kipp New Orleans Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Kipp New Orleans Inc reported income of $1.3m and spending of $461k, leaving 65% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.3m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 41% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Kipp New Orleans Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within LA. Charities of a similar size with the same main cause include Kent Schools Foundation ($1.3m), Farmers Union Foundation ($1.3m) and Wor-Wic Community College Foundation ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $15.8m against liabilities of $7.6m, net assets of $8.3m.