Kipp Miami Inc

Analysis

Kipp Miami Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in September 2018, 8 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 Miami Inc reported income of $24.9m and spending of $25.9m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $24.9m (+602%), an average of +63% a year. The sharpest change came in the year to June 2020, when income rose by 142%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Miami 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 98th percentile within NJ. Charities of a similar size with the same main cause include Governors Early Literacy Foundation ($24.9m), Mastery Charter School - Thomascampus ($24.9m) and Harbor Day School ($24.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $16.9m. At year end it held assets of $51.6m against liabilities of $45.8m, net assets of $5.9m. It reported 202 employees.