Kipp Massachusetts Inc

Analysis

Kipp Massachusetts Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in January 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 Massachusetts Inc reported income of $747k and spending of $1.6m, spending 219% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $747k (-52%), an average of -17% a year. The sharpest change came in the year to June 2023, when income dropped by 61%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Massachusetts Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include LA Vie Christian Academy Corp ($747k), Project Teacher Inc ($747k) and Sumner Daycare & Learning Center Inc ($746k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. It paid $60k in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $433k, net assets of $1.7m.