Kipp Academy Charter School
Kipp Academy Charter School consistently operates near break-even with no reported officer compensation.
EIN: 113550982 · New York, NY · NTEE: B250 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26.0M |
| Total Expenses | $24.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $-2,823,949 |
| Transparency Score | 88/100 |
Is Kipp Academy Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kipp Academy Charter School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kipp Academy Charter School
Kipp Academy Charter School (EIN: 113550982) is a nonprofit organization based in New York, NY, classified under NTEE code B250. The organization reported total revenue of $26.0M and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kipp Academy Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kipp Academy Charter School is a large nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25.0M |
| Total Expenses | $24.4M |
| Surplus / Deficit | +$561K |
| Total Assets | $2.9M |
| Total Liabilities | $5.7M |
| Net Assets | $-2,823,949 |
| Operating Margin | 2.2% |
| Debt-to-Asset Ratio | 198.1% |
| Months of Reserves | 1.4 months |
Financial Health Grade: B
In 2023, Kipp Academy Charter School reported a surplus of $561K with revenue exceeding expenses, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 198.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kipp Academy Charter School's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.6% | -1.9% | -7.6% |
| 2022 | -0.6% | +15.3% | -36.7% |
| 2021 | +14.1% | +3.3% | +9.6% |
| 2020 | -12.9% | -32.0% | -40.1% |
| 2019 | +9.7% | +41.8% | +65.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kipp Academy Charter School with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Kipp Academy Charter School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $561K, with revenue exceeding expenses.
- Debt-to-asset ratio: 198.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive direct compensation from Kipp Academy Charter School, which is highly commendable for an organization of its size with annual revenues consistently above $20 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Kipp Academy Charter School's IRS 990 filings:
- Significant fluctuations in liabilities, reaching over $11 million in 2019, warrant further investigation into debt management.
- Substantial operating deficit in 2019 ($6.8 million) indicates a period of financial strain or significant one-time investment.
Strengths
The following positive indicators were identified for Kipp Academy Charter School:
- Consistent revenue generation, typically exceeding $20 million annually, demonstrating financial stability.
- Exceptional transparency and efficiency regarding executive compensation, with 0% reported for officers across all filings.
- Generally stable financial operations, with expenses closely managed relative to revenue in most years.
- Strong program focus implied by the nature of a charter school and the absence of officer compensation.
Frequently Asked Questions about Kipp Academy Charter School
Is Kipp Academy Charter School a legitimate charity?
Kipp Academy Charter School (EIN: 113550982) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $26.0M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Kipp Academy Charter School spend its money?
Kipp Academy Charter School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kipp Academy Charter School tax-deductible?
Kipp Academy Charter School is registered as a tax-exempt nonprofit (EIN: 113550982). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kipp Academy Charter School CEO make?
Kipp Academy Charter School's highest-compensated officer earns $20 annually. The organization reported $26.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kipp Academy Charter School's spending goes to programs?
Kipp Academy Charter School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kipp Academy Charter School compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Kipp Academy Charter School is above average for NTEE category B250 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kipp Academy Charter School located?
Kipp Academy Charter School is headquartered in New York, New York and files with the IRS under EIN 113550982. It is classified under NTEE code B250.
How many years of IRS 990 filings does Kipp Academy Charter School have?
Kipp Academy Charter School has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $26.0M in total revenue.
How does Kipp Academy Charter School manage its significant liabilities, which reached over $11 million in 2019?
The provided data shows liabilities peaking at $11,515,727 in 2019, then decreasing to $5,703,271 by 2023. This suggests active management of debt, likely related to facility financing or operational loans, which would require reviewing the full 990 for details on debt instruments and repayment schedules.
What caused the substantial deficit in 2019 where expenses exceeded revenue by nearly $7 million?
In 2019, expenses were $30,765,912 against revenue of $23,947,283. This significant deficit could be due to one-time capital expenditures, facility renovations, or a temporary increase in operational costs not immediately covered by revenue. A detailed look at the 2019 990 would clarify the specific expense categories.
Given the 0% officer compensation, how are the organization's leaders compensated, if at all?
The 0% officer compensation reported on the 990 indicates that the individuals holding officer positions are not directly paid by Kipp Academy Charter School. They may be volunteers, compensated by an affiliated entity, or have other sources of income. This is a strong positive for the charity's financial efficiency.
Filing History
IRS 990 filing history for Kipp Academy Charter School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kipp Academy Charter School's revenue has grown by 164.5%, moving from $9.4M to $25.0M. Total assets decreased by 35.1% over the same period, from $4.4M to $2.9M. Total functional expenses rose by 169.3%, from $9.1M to $24.4M. In its most recent filing year (2023), Kipp Academy Charter School reported a surplus of $561K, with revenue exceeding expenses. The organization holds $5.7M in liabilities against $2.9M in assets (debt-to-asset ratio: 198.1%), resulting in net assets of $-2,823,949.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25.0M | $24.4M | $2.9M | $5.7M | — | — |
| 2022 | $23.7M | $24.9M | $3.1M | $6.3M | — | View 990 |
| 2021 | $23.8M | $21.6M | $4.9M | $6.8M | — | View 990 |
| 2020 | $20.9M | $20.9M | $4.5M | $8.6M | — | View 990 |
| 2019 | $23.9M | $30.8M | $7.5M | $11.5M | — | View 990 |
| 2018 | $21.8M | $21.7M | $4.5M | $1.7M | — | View 990 |
| 2017 | $20.7M | $20.8M | $4.5M | $1.9M | — | View 990 |
| 2016 | $20.0M | $20.5M | $4.5M | $1.8M | — | View 990 |
| 2015 | $17.4M | $17.6M | $3.9M | $628K | — | View 990 |
| 2014 | $19.3M | $20.3M | $5.5M | $1.9M | — | View 990 |
| 2013 | $13.8M | $13.7M | $4.8M | $266K | — | View 990 |
| 2012 | $11.5M | $10.9M | $5.0M | $584K | — | View 990 |
| 2011 | $9.4M | $9.1M | $4.4M | $682K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25.0M, expenses of $24.4M, and assets of $2.9M (revenue +5.6% year-over-year).
- 2022: Revenue of $23.7M, expenses of $24.9M, and assets of $3.1M (revenue -0.6% year-over-year).
- 2021: Revenue of $23.8M, expenses of $21.6M, and assets of $4.9M (revenue +14.1% year-over-year).
- 2020: Revenue of $20.9M, expenses of $20.9M, and assets of $4.5M (revenue -12.9% year-over-year).
- 2019: Revenue of $23.9M, expenses of $30.8M, and assets of $7.5M (revenue +9.7% year-over-year).
- 2018: Revenue of $21.8M, expenses of $21.7M, and assets of $4.5M (revenue +5.4% year-over-year).
- 2017: Revenue of $20.7M, expenses of $20.8M, and assets of $4.5M (revenue +3.5% year-over-year).
- 2016: Revenue of $20.0M, expenses of $20.5M, and assets of $4.5M (revenue +15.2% year-over-year).
- 2015: Revenue of $17.4M, expenses of $17.6M, and assets of $3.9M (revenue -9.9% year-over-year).
- 2014: Revenue of $19.3M, expenses of $20.3M, and assets of $5.5M (revenue +39.1% year-over-year).
- 2013: Revenue of $13.8M, expenses of $13.7M, and assets of $4.8M (revenue +19.9% year-over-year).
- 2012: Revenue of $11.5M, expenses of $10.9M, and assets of $5.0M (revenue +22.2% year-over-year).
- 2011: Revenue of $9.4M, expenses of $9.1M, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kipp Academy Charter School:
Data Sources and Methodology
This transparency report for Kipp Academy Charter School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.