KIPP CHICAGO SCHOOLS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$55,266,270
Government Grants
96%
Contributions
3%
Investments
<1%
Program Services
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$53,375,996
Salaries & Benefits
74%
Offices, Occupancy & IT
10%
Other
10%
Fees to Service Providers
5%
Depreciation
<1%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,744,841
$1,676,366
-4%
Government Grants
$46,796,575
$52,940,726
+13%
Fundraising Events
$0
$0
-
Program Services
$150,554
$153,892
+2%
Membership Dues
$0
$0
-
Investments
$76,907
$354,720
+361%
Other
$111,112
$140,566
+27%
Total Revenues
$48,879,989
$55,266,270
+13%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$37,061,554
$39,442,644
+6%
Fees to Service Providers
$2,130,480
$2,606,205
+22%
Advertising & Promotion
$87,957
$74,514
-15%
Offices, Occupancy & IT
$4,752,846
$5,508,759
+16%
Interest
$0
$67,825
-
Depreciation
$258,406
$277,975
+8%
Other
$4,545,465
$5,398,074
+19%
Total Expenses
$48,836,708
$53,375,996
+9%
Net income
2023
2024
Change
Net income
+$43,281
+$1,890,274
+4267%
Functional Expenses
Summary
2023
2024
Change
Program
$39,956,185
$43,782,284
+10%
Admin
$8,326,751
$8,821,915
+6%
Fundraising
$553,772
$771,797
+39%
Total Expenses
$48,836,708
$53,375,996
+9%
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