Kipp NYC Public Charter Schools II

Analysis

Kipp NYC Public Charter Schools II is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2020, 6 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 NYC Public Charter Schools II reported income of $149.0m and spending of $146.9m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $97.7m to $149.0m (+53%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp NYC Public Charter Schools II sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Hobart and William Smith Colleges ($148.6m), Shenandoah University ($149.2m) and Olivet Nazarene University ($148.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $1.2m (0.8% of expenses). Other salaries and wages came to $75.9m. At year end it held assets of $74.8m against liabilities of $50.8m, net assets of $24.0m. It reported 1,208 employees.