Kipp Philadelphia Octavius Catto Charter School

Analysis

Kipp Philadelphia Octavius Catto Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2021, 5 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 Philadelphia Octavius Catto Charter School reported income of $3.5m and spending of $6.4m, spending 179% of what it took in. Over the whole period it spent 179% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Philadelphia Octavius Catto Charter School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include The Innovation Project ($3.5m), Center for the Study of the International Economy Inc ($3.5m) and The One Unmah Foundation in Memory of Nabil and Mustafa Rahman ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $162k (2.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $14.4m against liabilities of $17.5m, net assets of -$3.0m. It reported 25 employees.