Kipp DC Public Charter Schools

Analysis

Kipp DC Public Charter Schools is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2001, 25 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 DC Public Charter Schools reported income of $212.6m and spending of $211.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $154.6m to $212.6m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp DC Public Charter Schools sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within DC. Charities of a similar size with the same main cause include San Diego State University Foundation ($212.4m), Kipp Socal Public Schools ($213.6m) and The University of Tennessee Foundat Ion Inc ($211.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $1.3m (0.6% of expenses). Other salaries and wages came to $112.0m. At year end it held assets of $488.5m against liabilities of $304.8m, net assets of $183.7m. It reported 1,792 employees.