The Lippman School

Analysis

The Lippman School is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in December 1965, 61 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, The Lippman School reported income of $2.3m and spending of $2.0m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.3m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Lippman School sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include North Central Illinois Finishing Trades Institute ($2.3m), Weber County School District Foundation ($2.3m) and Avalon School Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $142k (7.3% of expenses). Other salaries and wages came to $765k. At year end it held assets of $877k against liabilities of $378k, net assets of $499k. It reported 37 employees.