KIPP WEST PHILADELPHIA CHARTER SCHOOL
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$7,229,806
Other Assets
38%
Property, Plant, & Equipment (net)
30%
Cash & Equivalents
28%
Receivables (Non-Related)
2%
Prepaid Expenses
1%
Inventories
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$7,215,573
Other Liabilities
39%
Payables & Accruals
30%
Notes Payable / Debt (Non-Related)
25%
Deferred Revenue
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,645,903
$1,998,969
+21%
Receivables (Non-Related)
$1,285,066
$180,164
-86%
Related-Party Receivables
-
-
-
Inventories
$23,167
$23,168
+0%
Prepaid Expenses
$87,956
$95,152
+8%
Investments
-
-
-
Property, Plant, & Equipment (net)
$2,750,621
$2,165,571
-21%
Other Assets
$4,744,385
$2,766,782
-42%
Total Assets
$10,537,098
$7,229,806
-31%
Liabilities
2023
2024
Change
Payables & Accruals
$3,018,325
$2,183,627
-28%
Grants Payable
-
-
-
Deferred Revenue
$5,283
$419,426
+7839%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,092,344
$1,799,751
-14%
Related-Party Payables
-
-
-
Other Liabilities
$8,182,619
$2,812,769
-66%
Total Liabilities
$13,298,571
$7,215,573
-46%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
-$2,761,473
+$14,233
-101%
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