KIPP Inc dba Knowledge is Power Program IncClosed
Closed
Income Statement
Fiscal Year Start:
Jul 1
Closed
This organization closed in 2018. It filed a final 990 indicating termination and no longer appears as active in IRS records, as it is absent from the EO Business Master File and Pub78 List.
Revenues in 2018
$168,397,731
Government Grants
88%
Contributions
7%
Program Services
4%
Fundraising Events
<1%
Other
<1%
Investments
<1%
Membership Dues
0%
Expenses in 2018
$166,883,105
Salaries & Benefits
57%
Offices, Occupancy & IT
12%
Other
11%
Fees to Service Providers
7%
Depreciation
7%
Interest
4%
Grants
2%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2017
2018
Change
Contributions
$4,927,013
$11,715,092
+138%
Government Grants
$133,408,997
$147,964,630
+11%
Fundraising Events
$1,528,065
$1,284,443
-16%
Program Services
$8,976,326
$7,289,730
-19%
Membership Dues
$0
$0
-
Investments
$27,964
$58,596
+110%
Other
$213,476
$85,240
-60%
Total Revenues
$149,081,841
$168,397,731
+13%
Expenses
2017
2018
Change
Grants
$109,917
$4,038,783
+3574%
Benefits to Members
$0
$0
-
Salaries & Benefits
$87,061,627
$95,548,671
+10%
Fees to Service Providers
$10,962,347
$11,433,866
+4%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$13,262,398
$19,704,133
+49%
Interest
$6,686,919
$6,734,520
+1%
Depreciation
$10,612,315
$11,071,373
+4%
Other
$20,501,079
$18,351,759
-10%
Total Expenses
$149,196,602
$166,883,105
+12%
Net income
2017
2018
Change
Net income
-$114,761
+$1,514,626
-1420%
Functional Expenses
Summary
2017
2018
Change
Program
$130,621,080
$145,410,897
+11%
Admin
$16,325,752
$19,266,188
+18%
Fundraising
$2,249,770
$2,206,020
-2%
Total Expenses
$149,196,602
$166,883,105
+12%
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