Kipp Lynn Fund Inc

Analysis

Kipp Lynn Fund Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Lynn Fund Inc reported income of $2.8m and spending of $2.8m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.8m (+120%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 117%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kipp Lynn Fund Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Opportunity Networks Inc ($2.8m), United Way of Spokane County ($2.8m) and Emergency Feeding Program of Seattle & King County ($2.8m).

At year end it held assets of $77.2m against liabilities of $74.2m, net assets of $3.0m.