Kipp Cooper Norcross a New Jersey Nonprofit Corporation

Analysis

Kipp Cooper Norcross a New Jersey Nonprofit Corporation is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in October 2013, 13 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 Cooper Norcross a New Jersey Nonprofit Corporation reported income of $65.6m and spending of $63.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $33.8m to $65.6m (+94%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Cooper Norcross a New Jersey Nonprofit Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Goodwin University Inc ($65.6m), Brazos Higher Education Authority Inc ($65.6m) and Thomas More University Inc ($65.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Other salaries and wages came to $23.6m. At year end it held assets of $211.7m against liabilities of $206.4m, net assets of $5.3m. It reported 389 employees.