Kipp Baltimore Inc

Analysis

Kipp Baltimore Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 2002, 24 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 Baltimore Inc reported income of $31.7m and spending of $27.0m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.2m to $31.7m (+141%), an average of +25% a year. The sharpest change came in the year to June 2020, when income rose by 45%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Baltimore 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 97th percentile within MD. Charities of a similar size with the same main cause include University of the Nations Kona Inc ($31.7m), Lifesteps Inc ($31.7m) and Cambiar Education ($31.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $221k (0.8% of expenses). Other salaries and wages came to $15.5m. It paid $254k in professional fundraising fees. At year end it held assets of $12.5m against liabilities of $894k, net assets of $11.6m. It reported 165 employees.