Kipp Support Corporation

Analysis

Kipp Support Corporation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 2024, 2 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 Support Corporation reported income of $61k and spending of $1.0m, spending 1685% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $61k (-95%), an average of -63% a year. The sharpest change came in the year to June 2021, when income dropped by 91%. Over the whole period it spent 210% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Support Corporation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within GA. Charities of a similar size with the same main cause include Helping Hands Educational Fund Inc ($61k), Wade Hampton Football Booster Club ($61k) and MD DC Chapter Eastern Region Appa the Association of Higher Educatio ($61k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $10.9m against liabilities of $12.6m, net assets of -$1.6m. It reported 5 employees.

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.