Kipp Enc Public Schools

Analysis

Kipp Enc Public Schools is a registered charity in United States, based in Gaston, NC. It received its IRS tax-exemption ruling in August 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 Enc Public Schools reported income of $36.0m and spending of $34.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.2m to $36.0m (+49%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 70%. 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 Enc Public Schools sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Shattuck-St Marys Schools ($36.0m), University of Virginia Foundation ($36.0m) and Communities in Schools Inc ($36.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $381k (1.1% of expenses). Other salaries and wages came to $13.9m. At year end it held assets of $36.3m against liabilities of $24.2m, net assets of $12.2m. It reported 480 employees.