Kipp Minnesota Abc

Analysis

Kipp Minnesota Abc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Minnesota Abc reported income of $950k and spending of $985k, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $138k to $950k (+588%), an average of +90% a year. The sharpest change came in the year to June 2021, when income rose by 478%. Over the whole period it spent 130% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Minnesota Abc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Mendocino College Foundation Inc ($950k), South Piedmont Community College Foundation Inc ($951k) and Liberian Education Achievement & Resource Network ($950k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $11.6m against liabilities of $12.4m, net assets of -$846k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.