Kipp NYC Facility Holdings Inc

Analysis

Kipp NYC Facility Holdings Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kipp NYC Facility Holdings Inc reported income of $1.1m and spending of $3.5m, spending 333% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $531k to $1.1m (+101%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 8738%. Over the whole period it spent 137% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp NYC Facility Holdings Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include In God We Trust Foundation Inc ($1.1m), Preschool Advantage Inc ($1.1m) and Mathpath ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $54.2m against liabilities of $26.4m, net assets of $27.7m.