Kipp Foundation

Analysis

Kipp Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kipp Foundation reported income of $78.3m and spending of $104.6m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $64.3m to $78.3m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2020, when income rose by 53%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Mastery Schools of Camden Inc ($78.2m), William Penn Charter School Inc ($78.4m) and Saint Martins University ($78.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $4.7m (4.5% of expenses). Other salaries and wages came to $28.7m. At year end it held assets of $116.1m against liabilities of $25.9m, net assets of $90.2m. It reported 287 employees.