Kipp North Carolina Public Schools Inc

Analysis

Kipp North Carolina Public Schools Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kipp North Carolina Public Schools Inc reported income of $8.8m and spending of $6.1m, leaving 30% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $7.9m to $8.8m (+11%), an average of +12% a year. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp North Carolina Public Schools Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Stride Academy ($8.8m), Philadelphia Hebrew Public Charter School ($8.8m) and Southwest Baltimore Charter School Inc ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $520k (8.5% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $5.4m against liabilities of $90k, net assets of $5.3m. It reported 54 employees.