Supports a national network of public charter schools through data research, professional development, and innovation to help educationally underserved students succeed.
Supports a national network of public charter schools through data research, professional development, and innovation to help educationally underserved students succeed.
For fiscal year 2023 it reported $78.3M in revenue, $104.6M in expenses, and $90.2M in net assets.Pt I
Where the money goes · FY2023
Total revenue
$78.3M
Pt VIII · Ln 12
Total expenses
$104.6M
Pt IX · Ln 25
Net assets
$90.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$26.3M
Where spending went · Part IX cols B–D
90%
Program services $0.90 Management & general $0.07 Fundraising $0.03
Program efficiency
90%
of spending reaches programs
Operating runway
9.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-34%
revenue over expenses, this year
Summary of the Filing
Part I · fiscal year 2023 · Form 990
Revenue
$78.3M
FY2023▼ -40%
$145.5M$72.8M$0
FY2020FY2024
Expenses
$104.6M
FY2023▲ +9%
$107.3M$53.6M$0
FY2020FY2024
Total assets
$116.1M
FY2023▼ -15%
$181.6M$90.8M$0
FY2020FY2024
Total liabilities
$25.9M
FY2023▲ +29%
$28.3M$14.1M$0
FY2020FY2024
Total revenue
$78.3M
Pt VIII · Ln 12
Total expenses
$104.6M
Pt IX · Ln 25
Net assets
$90.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$26.3M
Total assetsPt X · Ln 16$116.1M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 414
Mission & Programs · Part III
Where the work happens
3 program services account for $69.4M of program spending, described in the organization's own filed words · FY2022.
01
Network Growth & Sustainability
The kipp foundation supports stronger, more capable kipp regions that are delivering on all aspects of kipp's mission. The kipp foundation partners with regional executive directors and senior leaders to understand their unique context to support them on growth, regional scale, and priority planning.
$43.3Mprogram expense
02
Academics & Culture
To ensure all kippsters experience a joyful, academically excellent, anti-racist education, the kipp foundation partners with kipp schools and regions to build systems that promote academic equity, establish a healthy and equitable school culture, and ensure teachers are effectively supported in expanding their content knowledge and…
$15.3Mprogram expense
03
Policy & Public Affairs
The kipp foundation has adopted a policy and public affairs strategy to:- proactively shift the narrative about kipp and charters to protect and grow the kipp brand, engage more stakeholders and pave the way for growth; - build authentic relationships rooted in a shared agenda to advocate nationally and locally on key policy priorities…
Shavar Jeffries’s $864K as CEO and Board Member
is at the 68th percentile of top reported officer pay among 674 $100M+ education nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Dave Levin · Reported title CO-FOUNDER · Highest reported compensation $449K · Total expenses $104.6M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $41.1M · Total expenses $104.6M
39%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
90%
—
—
Overhead ratio
7%
—
—
Fundraising cost ratio
5%
—
—
Revenue growth
-40%
—
—
Investment management fee ratio
0%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
0%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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