Kipp Team and Family Schools Inc

Analysis

Kipp Team and Family Schools Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kipp Team and Family Schools Inc reported income of $31.7m and spending of $30.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.2m to $31.7m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2023, when income rose by 38%. 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, Kipp Team and Family Schools 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 99th percentile within NJ. Charities of a similar size with the same main cause include Georgia Advanced Technology Ventures Inc ($31.7m), Cambiar Education ($31.7m) and Hebrew Academy for Special Children Inc ($31.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $1.0m (3.2% of expenses). Other salaries and wages came to $14.7m. At year end it held assets of $29.8m against liabilities of $7.5m, net assets of $22.3m. It reported 156 employees.