Kipp South Florida Educational Facilities Inc

Analysis

Kipp South Florida Educational Facilities Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 2020, 6 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kipp South Florida Educational Facilities Inc reported income of $1.8m and spending of $2.4m, spending 137% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.7m to $1.8m (+3.7%), an average of +3.7% a year. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kipp South Florida Educational Facilities Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Psi Chi the International Honor Society in Psychology ($1.8m), First Analysis Institute ($1.8m) and Boys and Girls Club of Bay County Inc ($1.8m).

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 $35.8m against liabilities of $34.9m, net assets of $976k.