Kipp Boston Fund Inc

Analysis

Kipp Boston Fund Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kipp Boston Fund Inc reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $730k to $1.2m (+66%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 165%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Boston Fund Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Willow Glen Community Extended Day Enrichment ($1.2m), The Friendship Circle Inc ($1.2m) and Warner Avenue Foundation ($1.2m).

At year end it held assets of $37.6m against liabilities of $32.3m, net assets of $5.4m.