Kipp Colorado Schools

Analysis

Kipp Colorado Schools is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 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 Colorado Schools reported income of $48.6m and spending of $41.5m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.5m to $48.6m (+59%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Colorado 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 99th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include The George W Bush Foundation ($48.5m), Old Dominion Land Conservancy Inc ($48.7m) and Geisinger Commonwealth School of Medicine ($48.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $630k (1.5% of expenses). Other salaries and wages came to $21.7m. At year end it held assets of $21.4m against liabilities of $14.4m, net assets of $7.0m. It reported 480 employees.