Kipp Charlotte Inc
Kipp Charlotte Inc shows consistent revenue growth and positive net assets, with no reported officer compensation.
EIN: 205664061 · Charlotte, NC · NTEE: B25 · Updated: 2026-03-28
Is Kipp Charlotte Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kipp Charlotte Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kipp Charlotte Inc
Kipp Charlotte Inc (EIN: 205664061) is a nonprofit organization based in Charlotte, NC, classified under NTEE code B25. The organization reported total revenue of $13.8M and total assets of $19.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kipp Charlotte Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kipp Charlotte Inc is a large nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 13.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.1M |
| Total Expenses | $12.3M |
| Surplus / Deficit | +$823K |
| Total Assets | $18.9M |
| Total Liabilities | $14.1M |
| Net Assets | $4.8M |
| Operating Margin | 6.3% |
| Debt-to-Asset Ratio | 74.6% |
| Months of Reserves | 18.5 months |
Financial Health Grade: A
In 2023, Kipp Charlotte Inc reported a surplus of $823K with revenue exceeding expenses, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 74.6% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Kipp Charlotte Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.9% | +5.6% | +1.6% |
| 2022 | -36.8% | +13.9% | +12.5% |
| 2021 | +119.8% | +2.0% | +89.3% |
| 2020 | +9.9% | +12.7% | +5.7% |
| 2019 | +7.3% | +8.6% | +39.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Charlotte Inc 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 Charlotte Inc 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 $823K, with revenue exceeding expenses.
- Debt-to-asset ratio: 74.6%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size ($13.8 million in latest revenue) and suggests either that compensation is reported under different categories or that executive leadership is uncompensated, which would be highly efficient.
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 Charlotte Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which may indicate compensation is categorized elsewhere or a lack of transparency in this specific reporting line for an organization of this size.
Strengths
The following positive indicators were identified for Kipp Charlotte Inc:
- Consistent revenue growth, from $3.3M in 2014 to $13.1M in 2023, demonstrating increasing capacity and impact.
- Positive net assets, with assets ($18.9M in 2023) consistently exceeding liabilities ($14.1M in 2023), indicating financial stability.
- Long history of IRS 990 filings (12 filings), showing a commitment to transparency and regulatory compliance.
- Generally managed expenses below revenue, leading to surpluses in most recent years (e.g., $13.1M revenue vs. $12.2M expenses in 2023).
Frequently Asked Questions about Kipp Charlotte Inc
Is Kipp Charlotte Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kipp Charlotte Inc (EIN: 205664061) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Kipp Charlotte Inc spend its money?
Kipp Charlotte Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kipp Charlotte Inc tax-deductible?
Kipp Charlotte Inc is registered as a tax-exempt nonprofit (EIN: 205664061). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Kipp Charlotte Inc a good charity?
Based on the financial data, Kipp Charlotte Inc appears to be a well-managed organization with consistent revenue growth, positive net assets, and a strong history of financial reporting. The lack of reported officer compensation is a notable point for efficiency.
How has Kipp Charlotte Inc's financial health changed over time?
Kipp Charlotte Inc has shown significant financial growth, with revenue increasing from $3.3 million in 2014 to over $13 million in 2023, and assets growing from $3.4 million to $18.9 million in the same period, indicating strong expansion and financial stability.
What is the organization's approach to executive compensation?
The IRS 990 filings consistently report 0% for officer compensation, which suggests that either executive compensation is not reported in this specific section, or the organization operates with uncompensated officers, which would be a highly efficient use of funds.
Filing History
IRS 990 filing history for Kipp Charlotte Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Kipp Charlotte Inc's revenue has grown by 287.9%, moving from $3.4M to $13.1M. Total assets increased by 416.3% over the same period, from $3.7M to $18.9M. Total functional expenses rose by 279.6%, from $3.2M to $12.3M. In its most recent filing year (2023), Kipp Charlotte Inc reported a surplus of $823K, with revenue exceeding expenses. The organization holds $14.1M in liabilities against $18.9M in assets (debt-to-asset ratio: 74.6%), resulting in net assets of $4.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.1M | $12.3M | $18.9M | $14.1M | — | View 990 |
| 2022 | $12.9M | $11.6M | $18.6M | $14.7M | — | View 990 |
| 2021 | $20.4M | $10.2M | $16.6M | $13.8M | — | View 990 |
| 2020 | $9.3M | $10.0M | $8.7M | $16.2M | — | — |
| 2019 | $8.4M | $8.9M | $8.3M | $15.0M | — | View 990 |
| 2018 | $7.9M | $8.2M | $5.9M | $12.2M | — | View 990 |
| 2017 | $5.8M | $5.8M | $4.9M | $3.9M | — | View 990 |
| 2016 | $4.0M | $3.7M | $4.0M | $3.0M | — | View 990 |
| 2015 | $3.7M | $3.3M | $3.7M | $3.1M | — | View 990 |
| 2014 | $3.3M | $3.3M | $3.4M | $2.2M | — | View 990 |
| 2013 | $3.6M | $3.6M | $3.4M | $2.2M | — | View 990 |
| 2012 | $3.4M | $3.2M | $3.7M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.1M, expenses of $12.3M, and assets of $18.9M (revenue +1.9% year-over-year).
- 2022: Revenue of $12.9M, expenses of $11.6M, and assets of $18.6M (revenue -36.8% year-over-year).
- 2021: Revenue of $20.4M, expenses of $10.2M, and assets of $16.6M (revenue +119.8% year-over-year).
- 2020: Revenue of $9.3M, expenses of $10.0M, and assets of $8.7M (revenue +9.9% year-over-year).
- 2019: Revenue of $8.4M, expenses of $8.9M, and assets of $8.3M (revenue +7.3% year-over-year).
- 2018: Revenue of $7.9M, expenses of $8.2M, and assets of $5.9M (revenue +35.4% year-over-year).
- 2017: Revenue of $5.8M, expenses of $5.8M, and assets of $4.9M (revenue +44.5% year-over-year).
- 2016: Revenue of $4.0M, expenses of $3.7M, and assets of $4.0M (revenue +10.0% year-over-year).
- 2015: Revenue of $3.7M, expenses of $3.3M, and assets of $3.7M (revenue +10.0% year-over-year).
- 2014: Revenue of $3.3M, expenses of $3.3M, and assets of $3.4M (revenue -7.6% year-over-year).
- 2013: Revenue of $3.6M, expenses of $3.6M, and assets of $3.4M (revenue +6.4% year-over-year).
- 2012: Revenue of $3.4M, expenses of $3.2M, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kipp Charlotte Inc:
Data Sources and Methodology
This transparency report for Kipp Charlotte Inc 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.