Kipp West Philadelphia Charter School

Analysis

Kipp West Philadelphia Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2018, 8 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 West Philadelphia Charter School reported income of $16.9m and spending of $18.7m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $16.9m (+286%), an average of +40% a year. The sharpest change came in the year to June 2021, when income rose by 127%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp West Philadelphia Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Impact Charter School West ($16.9m), Admiral Farragut Academy Inc ($16.9m) and Westlake Charter School ($16.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $342k (1.8% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $10.5m against liabilities of $13.3m, net assets of -$2.8m. It reported 150 employees.